The production value of agriculture, forestry, and seafood in Mexico has shown significant growth from 2013 to 2023. In 2023, it stood at 1461.3 billion Mexican Pesos. Despite a dip in 2020, the sector rebounded strongly in 2021 and continued to grow through 2023. The year-on-year growth from 2022 to 2023 was 3.27%, demonstrating a stabilization trend post-pandemic. Over the last five years, the Compound Annual Growth Rate (CAGR) was 3.35%, reflecting a moderate increase in production value.
Forecasts from 2024 onwards predict a steady rise in production value, with a 5-year CAGR of 2.43% and an overall growth rate of 12.73% by 2028. Key trends to watch include technological advancements in farming practices, sustainable forestry management, and the impact of climate change on seafood production. An emphasis on innovation and sustainability will likely drive future growth in the sector.
