Analysis of Wheat Flour Exported to the US by Mexico:
The value of wheat flour exports from Mexico to the US stood at USD 12.78 million in 2023. Notably, the trend experienced significant volatility over the past decade. While there were sharp increases in certain years (e.g., 2017 and 2018), periods of decline were also prominent (e.g., 2016 and 2020). In the two years leading to 2023, there was consistent growth with a year-on-year increase of 11.38% in 2023. The compound annual growth rate (CAGR) for the 5-year period leading up to 2023 was -4.44%, reflecting a longer-term decline during that interval.
From 2024 onwards, the forecasted data suggests a steady increase in wheat flour exports to the US, culminating in a value of USD 15.66 million by 2028. The projected 5-year CAGR is 3.22%, indicating moderate growth, and the forecasted 5-year growth rate is 17.15%.
Future Trends to Watch For:
- Economic factors and trade policies affecting US-Mexico trade relations.
- Consumer demand for wheat-based products in the US.
- Mexico’s wheat production capacity and technological advancements in agriculture.
