Analysis of Oilseeds Feed in Mexico reveals consistent growth from 2014 to 2023, where the value stood at 1.74 million metric tons. Year-on-year variations illustrate an upward trajectory, peaking in 2018 with a 12.18% increase. The last two years, 2022 and 2023, showed stable growth rates of 1.91% and 1.81%, respectively. Over the past five years, the compound annual growth rate (CAGR) averages 1.23%, indicating steady but moderate expansion. Looking ahead to 2028, forecasts predict a five-year CAGR of 1.28% and an overall growth rate of 6.55%.
Future trends to watch for:
- Increasing demand due to livestock industry growth
- Potential impacts from climatic changes affecting crop yields
- Economic policies and trade agreements influencing import-export dynamics
- Technological advancements in agricultural practices boosting productivity
