The forecasted soybean production in Mexico shows a significant downward trend from 2024 to 2028. Starting from a production value of 148.0 thousand metric tons in 2024, it declines sharply to just 5.0 thousand metric tons by 2028. This forecast indicates a dramatic year-on-year decrease, with the production value halving approximately every year from 2026 onwards. The Compound Annual Growth Rate (CAGR) over this 5-year period is negative and substantial.
Key variations:
- Year 2023: Baseline actual figure
- 2024: -25% YoY from the previous year
- 2025: -24.3% YoY
- 2026: -32.1% YoY
- 2027: -46.1% YoY
- 2028: -87.8% YoY
- 2024-2028 CAGR: Significantly negative
Future trends to watch for include potential changes in agricultural policies, climate conditions, and technological advancements in crop production. Monitoring global soybean market dynamics and domestic demand shifts will also be crucial to understanding how these factors could influence Mexico’s soybean production in the coming years.
