A detailed analysis of the soybeans consumption at farm gate in Mexico indicates a steady increase from 6.38 million metric tons in 2024 to 6.75 million metric tons forecasted for 2028. To provide context, in 2023, the consumption stood at 6.29 million metric tons.
Year-on-year variations show a consistent upward trend:
- From 2024 to 2025: 1.41% increase
- From 2025 to 2026: 1.39% increase
- From 2026 to 2027: 1.52% increase
- From 2027 to 2028: 1.35% increase
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is 1.41%, highlighting a moderate but sustained growth in soybean consumption.
Future trends to watch for include potential impacts from advancements in agricultural technologies, shifts in dietary preferences, and economic policies affecting farming and trade. Monitoring these factors can provide foresight into future consumption patterns and market dynamics.
