The actual demand for oilseeds in Mexico in 2023 stood at 10.70 million metric tons. The forecasted data from 2024 to 2028 show a steady increase in demand:
- 2024: 10.83 million metric tons
- 2025: 10.96 million metric tons
- 2026: 11.1 million metric tons
- 2027: 11.23 million metric tons
- 2028: 11.36 million metric tons
The year-on-year variations indicate a continuous growth trajectory:
- 2023 to 2024: 1.22%
- 2024 to 2025: 1.20%
- 2025 to 2026: 1.28%
- 2026 to 2027: 1.17%
- 2027 to 2028: 1.16%
Over the last two years (2023-2025), the average annual growth rate is consistent at around 1.21%, while the compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.21%.
Future trends to watch include the impact of agricultural policies, technological advancements in oilseed cultivation, and shifts in domestic consumption patterns. Monitoring these factors will be crucial to understanding the oilseed market dynamics in Mexico.
