Natural honey production in Mexico stood at 63.4 thousand metric tons in 2023. Over the last two years, the variation in production was relatively stable with year-on-year increases of 0.66% in 2022 and 0.65% in 2023. Analyzing the longer-term trend, the Compound Annual Growth Rate (CAGR) over the past five years indicates a minor average reduction of 0.27%. Looking forward to the forecast period from 2024 to 2028, the five-year growth rate is projected at 2.64%, with a forecasted five-year CAGR of 0.52%.
Future trends to watch for:
- Potential impacts of climate change on honey production and bee populations.
- Increasing demand for natural and organic products driving production incentives.
- Government policies and subsidies affecting agricultural practices and honey production.
- Technological advancements in beekeeping and honey extraction methods.