In 2023, Mexico's sugar cane production stood at 61.05 million metric tons. Forecasts suggest a steady increase from 61.625 million metric tons in 2024 to 63.87 million metric tons by 2028. This translates to a year-on-year percentage increase of approximately 0.94% from 2024 to 2025, 0.91% from 2025 to 2026, 0.88% from 2026 to 2027, and 0.86% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is projected to be around 0.92%.
Future Trends to Watch For:
- Technological advancements in irrigation and farming techniques improving yield.
- Potential climate change impacts affecting crop production positively or negatively.
- Government policies and tariffs influencing the agricultural sector.
- Increasing demand for sugar cane by-products boosting production incentives.