The oilseeds production in Mexico has shown a mixed trend over the past decade. In 2023, production stood at 3.63 million metric tons, reflecting a modest year-on-year increase of 1%. The period from 2014 to 2023 saw fluctuations, with significant year-on-year variations such as a drop of 6.18% in 2015, a rise of 9.36% in 2016, and a 9.45% increase in 2017. The five-year compound annual growth rate (CAGR) from 2019 to 2023 was 0.81%. Looking forward to the forecasted data from 2024 to 2028, the oilseeds production is expected to increase steadily at an average annual growth rate of 0.8%, reaching 3.82 million metric tons by 2028, which denotes a total growth of 4.07% over the five-year period.
Future trends to watch for include potential impacts of climate change on agricultural yield, technological advancements in farming practices, and changes in domestic and international demand for oilseeds. Additionally, policy changes and market dynamics could also play a crucial role in shaping future production levels.
