The cassava market size volume in Mexico observed fluctuations between 2014 and 2023, standing at 25.0 thousand metric tons in 2023. The market experienced significant volatility, with notable increases such as a 41.18% rise in 2018 and substantial declines like the 10.53% drop in 2017. Recent years have shown a more stable growth, with a year-on-year increase of 4.17% in 2023 and an average annual growth rate (CAGR) of 0.82% over the last five years. The forecasted data from 2024 to 2028 suggests a steady growth, with a five-year CAGR of 1.62%, culminating in an 8.37% growth rate by 2028.
Future trends to watch for:
- The impact of technological advancements in cassava cultivation and processing on market volume.
- Changes in domestic and international demand for cassava products.
- Potential government policies or subsidies supporting the cassava industry.
- Climate change effects on cassava yield and production stability.
