Based on the data provided, the forecasted yearly production (in Thousand Metric Tons) of Squash, Gourds, and Pumpkins in Mexico is as follows:
- 2024: 769.95
- 2025: 781.87
- 2026: 793.55
- 2027: 804.99
- 2028: 816.2
The year-on-year variation is:
- 2024 to 2025: ((781.87 - 769.95) / 769.95) * 100 = 1.55%
- 2025 to 2026: ((793.55 - 781.87) / 781.87) * 100 = 1.49%
- 2026 to 2027: ((804.99 - 793.55) / 793.55) * 100 = 1.44%
- 2027 to 2028: ((816.2 - 804.99) / 804.99) * 100 = 1.39%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is calculated as follows:
CAGR = ((816.2 / 769.95)^(1/4) - 1) * 100 = 1.46%
Future Trends to Watch For:
Given the consistent year-on-year growth, the production of Squash, Gourds, and Pumpkins in Mexico is expected to maintain a steady upward trajectory. However, market conditions such as climate changes, labor availability, and shifts in international demand could significantly impact these forecasts. Monitoring these variables closely will be crucial for accurate future projections.
