The Seafood Gross Value Added in Mexico demonstrated steady growth from 2013 to 2023, with values increasing from 6.51 billion MXN to 18.63 billion MXN. Over this period, a notable annual growth rate culminated in a 6.25% year-on-year increase for 2023. The Compound Annual Growth Rate (CAGR) averaged 5.72% over the last five years. Future forecasts indicate continued growth, reaching 23.91 billion MXN by 2028, with a forecasted CAGR of 3.93% and an overall growth rate of 21.26% over the next five years.
Future trends to watch for:
- Increasing consumer demand for sustainable seafood.
- Technological advancements in aquaculture.
- Effects of governmental policies on the seafood industry.
- Global economic conditions impacting the export market.
