Beef meat production in Mexico witnessed a steady growth from 2013 to 2023, starting at 1.8068 million metric tons and reaching 2.1246 million metric tons in 2023. While annual increases varied, the Compound Annual Growth Rate (CAGR) for the past five years (2019-2023) was 1.41%. Noteworthy fluctuations include a significant production drop of 4.17% in 2020, followed by a robust recovery in 2021 with a 6.65% increase.
The forecasted data suggests a continuation of slow and steady growth in beef production, with a projected increase to 2.26 million metric tons by 2028. The forecasted CAGR for the next five years (2024-2028) is estimated at 0.97%, indicating a slower growth rate compared to previous periods.
Future trends to watch for include potential impacts from climate change on livestock yields, changes in domestic and international demand, and evolving trade policies. Additionally, advancements in agricultural technology and sustainability practices could influence production efficiency and capacity.
