Over the period from 2013 to 2023, the production of Tangerines, Satsumas, Clementines, and Mandarines in Mexico has shown slight fluctuations with varying year-on-year variations. The production value stood at 516.67 thousand metric tons in 2023, marking a minor growth from the previous year.
Year-on-year variations have swung from a high of 9.67% in 2013 to a low of -4.23% in 2019. The Compound Annual Growth Rate (CAGR) over the past five years up until 2023 illustrates a very modest average annual increase of 0.34%.
Looking ahead, forecasted data suggests a continued slight upward trend in production, with values projected to reach 545.08 thousand metric tons by 2028. The five-year CAGR from 2023 to 2028 is estimated at 0.84%, indicating a cumulative growth rate of 4.29% over this period.
Future trends to watch for include advancements in agricultural technology, climate impact on yield, and market demand shifts influenced by consumer trends towards healthier diets. Monitoring these factors will be crucial in accurately forecasting future production volumes.
