In 2023, the import volume of prepared or preserved citrus fruits to Mexico stood at 858.67 thousand kilograms, demonstrating a steady year-on-year increase of 0.98%. Over the past five years, the compound annual growth rate (CAGR) has been 1.04%, indicating consistent albeit modest growth. In recent years, particularly from 2021 to 2023, imports have shown minor year-on-year variations, underlying a trend of stability.
Future forecasts suggest a continued gradual increase with the volume expected to reach 901.99 thousand kilograms by 2028, reflecting a forecasted five-year CAGR of 0.78%. This projected growth is relatively smaller, indicating a possible plateauing in demand.
Future trends to watch for:
- Potential changes in trade policies that could affect import tariffs and thereby influence volumes
- Shifts in consumer preferences towards fresher or locally sourced citrus products
- Technological advancements in food preservation that might prolong shelf life and reduce import dependency
- The impact of economic factors such as inflation on import volumes and pricing
