Maize production at farm gate in Mexico has shown fluctuating trends from 2013 to 2023, with a significant decline in 2014 and notable growth in 2016. The value stood at 4.91 billion Euros in 2023. The recent year-on-year growth from 2022 to 2023 is 4.25%, reflecting an upward trend. Over the past decade, the production exhibited volatility, yet growth resumed after 2020's decline. The 5-year CAGR from 2018 to 2023 was 2.9%, indicating moderate growth.
Future trends to watch for include an expected steady rise in maize production, with forecasted values reaching 5.32 billion Euros by 2028. The forecasted 5-year CAGR of 1.27% suggests consistent albeit gradual growth. Factors such as climate change, technological advancements in agriculture, and government policies will play crucial roles in shaping future production trends.
