The historical data on rice consumption at the farm gate in Mexico shows a growth trend with some fluctuations over the past decade. From 2013 to 2023, the overall rice consumption increased from 1.11 to 1.32 million metric tons. The data from 2020 exhibited a significant spike with a year-on-year increase of 14.2%, attributed potentially to pandemic-related disruptions and increased household consumption. The following years showed more modest variations, with 2021 experiencing a decline of 7.44%, followed by slight recoveries into 2022 and 2023. The compound annual growth rate (CAGR) over the last five years stands at about 2.2%. Forecasts predict a steady increase in consumption reaching 1.41 million metric tons by 2028, with a 5-year CAGR of 1.01%.
Future trends to watch for include:
- Potential market disruptions due to global economic conditions or climate change affecting crop yields.
- Shifts in consumer behavior post-pandemic that may alter demand patterns.
- Government policies or initiatives promoting rice production and consumption in Mexico.
- Technological advancements in agriculture that could influence production efficiency and supply chain dynamics.
