The forecast for palm oil supply in Mexico indicates a steady increase from 2024 to 2028, starting at 1.04 million metric tons in 2024 and reaching 1.18 million metric tons by 2028. Given that the supply in 2023 was 1.00 million metric tons, the year-on-year variations are as follows:
- 2024: 4.0%
- 2025: 3.8%
- 2026: 2.8%
- 2027: 3.6%
- 2028: 2.6%
The Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 is approximately 3.4% per year.
Looking forward, notable trends to monitor include potential changes in government policies affecting agricultural production, global market demands, and advancements in sustainable palm oil cultivation practices. Additionally, tracking the impact of climate change on palm oil yields and prices may offer crucial insights for stakeholders.
