The beer production in Mexico exhibited a historically steady increase from 2014 to 2023, with a few fluctuations. Production started at 8.59 million metric tons in 2014 and reached 12.97 million metric tons in 2023. The year-on-year growth rate varied, peaking at 12.87% in 2015, slowing down significantly by 2023 to 1.93%. The CAGR over the five years leading up to 2023 was 1.6%, indicating moderate growth.
Growth rates fluctuated, with notable drops in 2019 and 2020 by -0.25% and -2.92% respectively, primarily due to the COVID-19 pandemic. However, they rebounded in 2021 with a 7.48% increase. The period closing at 2023 saw a more stable and moderate progression.
Future trends to monitor:
- Potential economic impacts on production capabilities.
- Shifts in consumer preferences towards craft beer.
- Regulatory changes impacting production and export policies.
- Technological advancements in production methods.
The forecast projects continued growth, with the beer production expected to reach 14.25 million metric tons by 2028, marking a forecasted 5-year CAGR of 1.49% and an overall growth rate of 7.68% from 2024 through 2028.
