Based on the forecast data for maize production at the farm gate in Mexico, the value for 2024 is projected to be 5.33 billion US dollars, rising to 5.5 billion US dollars by 2028. In 2023, the value was reportedly lower at 5.29 billion US dollars, indicating a consistent growth trajectory.
- The year-on-year variation from 2023 to 2024 is approximately +0.76%.
- The year-on-year variation from 2024 to 2025 is +0.75%.
- The year-on-year variation from 2025 to 2026 is +0.74%.
- The year-on-year variation from 2026 to 2027 is +0.92%.
- The year-on-year variation from 2027 to 2028 is +0.73%.
The compound annual growth rate (CAGR) over the 5-year forecast period is approximately +0.85% per year. This steady trend suggests moderate and consistent growth in the maize production value at the farm gate in Mexico.
Future trends to watch for include potential impacts from climate change, technological advancements in agriculture, changes in both domestic and international demand, and shifts in government policies that could significantly affect maize production and its economic value.
