The import of preserved fruits, nuts, and fruit-peel by sugar to Mexico has demonstrated a fluctuating trend over the years. From 2013 to 2015, there was significant growth, peaking at a 31.31% year-on-year increase in 2015. However, the period from 2016 onwards marked a continuous decline. Notably, from 2019 to 2023, the import volume consistently decreased, with the year-on-year variation hovering at negative percentages, culminating in a 7.99% drop in 2023. The last five years recorded a Compound Annual Growth Rate (CAGR) of -7.19%.
Forecasts for 2024 and beyond indicate a persistent downward trend, with the volume expected to reach 401.95 thousand kilograms by 2028, representing a forecasted five-year CAGR of -9.59%, and a significant decline of 39.58% from 2023 values.
Future trends to watch:
- Economic and trade policies impacting import regulations.
- Changes in consumer preferences toward these preserved products.
- Emerging competition from domestic production or alternative markets.
- Potential impact of global supply chain disruptions or advancements.
