In 2023, the import value of dog or cat food to Mexico was 115 million US dollars. The forecasted data indicate a steady increase in the coming years:
- 2024: 118.15 million US dollars
- 2025: 120.54 million US dollars
- 2026: 122.89 million US dollars
- 2027: 125.19 million US dollars
- 2028: 127.44 million US dollars
Year-on-year variations show a 2.69% increase from 2023 to 2024, a 2.02% increase from 2024 to 2025, a 1.95% increase from 2025 to 2026, a 1.87% increase from 2026 to 2027, and a 1.8% increase from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the forecasted period is approximately 2.15% per year.
Future trends to watch for include shifts in pet ownership demographics, consumer preferences towards premium or specialized pet food, and the impact of trade policies and economic conditions on import values.