The maize market in Mexico reached 14.95 million metric tons in 2023, showing a year-on-year variation of 0.22%. The compound annual growth rate (CAGR) over the last five years stood at 0.18%. Since 2014, the market has displayed a steady upward trend with slight interruptions, notably a 4.78% decline in 2020. However, growth resumed with a 5.5% increase in 2021. Overall, the market has grown at a slow but steady rate, with minor fluctuations.
Future trends to watch for include the impact of climate change on maize production, technological advancements in agriculture, and changes in trade policies that could affect maize imports and exports. Monitoring these factors will be crucial for understanding the market dynamics in the coming years.
