Milk production in Mexico at farm gate has shown significant variability over the past decade. In 2023, the production value stood at 4.53 billion euros. Over the last two years, the year-on-year growth rates were 2% for 2022 and 1.94% for 2023, indicating a relatively stable growth. The compound annual growth rate (CAGR) over the past five years is 6.81%, showing a strong upward trend despite occasional fluctuations.
Notable trends include:
- A sharp decline of 13.51% in 2016, followed by a notable recovery and an exceptional 41.93% growth in 2019.
- Post-2018 recovery marked by moderate growth rates and a relatively stable trend from 2019 onwards.
Looking ahead, forecasts up to 2028 indicate a steady increase in production, with a five-year forecast CAGR of 1.4% and an overall growth rate of 7.21%. Potential future trends to watch for include technological advancements in dairy farming, changes in domestic and international demand, and policy shifts influencing agricultural production.
