Cereal production in Mexico has shown fluctuations over the years with a peak production of 38.465 million metric tons in 2016 and a slight dip in subsequent years. As of 2023, the production stood at 37.461 million metric tons. From 2013 to 2023, there have been noticeable year-on-year variations, with significant increases like the 10.84% rise in 2016 and declines such as the 3.79% decrease in 2018. Over the last five years up to 2023, the Compound Annual Growth Rate (CAGR) was 0.76%, reflecting modest annual growth.
Future anticipated trends, projected from 2024 to 2028, show a steady but slow increase in cereal production. The five-year forecasted CAGR is 0.54%, with an overall growth rate of 2.74% by 2028, indicating slightly accelerating production volumes. While the growth projection remains consistent with past trends, it’s essential to monitor factors such as climate change impacts, technological advancements in agriculture, and changes in domestic and international demand which may significantly influence future production levels.
