The forecasted maize oil demand in Mexico shows a steady increase from 2024 to 2028. The demand is expected to grow from 31.2 thousand metric tons in 2024 to 31.9 thousand metric tons in 2028. This consistent rise indicates a stable year-on-year growth, with variations ranging between 0.6% to 0.3% annually. Looking back two years to 2023, the demand stood at 31.0 thousand metric tons, implying a minor increase rate in the initial years.
Over a five-year period, the compound annual growth rate (CAGR) stands at around 0.6%, suggesting a modest but consistent upward trend in maize oil demand.
Future trends to watch for include potential impacts from economic changes, shifts in consumer preferences toward healthier oils, and possible regulatory developments affecting maize oil production or importation. Monitoring these factors will be crucial for understanding their influence on future demand.
