The demand for mutton and goat meat in Mexico measured in Thousand Metric Tons has largely remained stable over the past decade. In 2023, the demand stood at 116 thousand metric tons, identical to several preceding years. The consumption had experienced some fluctuations with peaks in 2015, a dip in 2020 due to economic impacts, and then recovery in 2021. Between 2014 and 2023, the yearly variations have mostly ranged within a narrow band, demonstrating moderate growth and occasional declines. The compound annual growth rate (CAGR) over the last five years was flat, indicating a demand stabilization post-2020.
Looking forward, the forecast suggests a very modest growth, with demand expected to reach 116.91 thousand metric tons by 2028. The predicted 5-year CAGR is 0.11%, indicating minimal annual growth. It’s vital to monitor changes in consumer preferences, economic factors, and potential supply chain disruptions or enhancements that could influence demand shifts for mutton and goat meat in Mexico.
