In the Nuts Market in Mexico, the actual volume in 2023 was 155.0 Thousand Metric Tons. The year-on-year variation for 2023 was 0.65%. From 2014 to 2023, the compound annual growth rate (CAGR) was a slight decline of -0.13%. However, future projections suggest a more stable growth trend, with a forecasted 5-year CAGR of 0.38%, and an overall growth rate of 1.93% through 2028.
Over the last two years (2022-2023), the volume remained relatively stable with minor growth. From 2014 to 2023, the market saw fluctuations, ranging from declines in certain years to modest increases in others, culminating in slight negative growth over the period.
Future trends to watch for:
- Sustainability in sourcing and production.
- Shifts in consumer demand driven by health trends.
- Impact of climate change on nut cultivation.
- Technological advancements in agriculture.
- Potential supply chain disruptions and effects on availability.
