The rapeseed production in Mexico demonstrated significant volatility over the past decade, peaking at 11.0 Thousand Metric Tons in 2015, followed by a steady declining trend post-2017. As of 2023, the production stood at 1.17 Thousand Metric Tons, reflecting a considerable drop over the years. Notable year-on-year fluctuations were observed, with a sharp rise in 2015, substantial drops in 2017 and 2016, and a continuous decline from 2020 onwards. The last two years marked a decrease in production with a -14.02% change in 2023. The 5-year Compound Annual Growth Rate (CAGR) reflected a consistent downward trend at -10.24% leading up to 2023.
The forecast for 2024 and beyond indicates an accelerated decline in production with a 5-year forecasted CAGR of -29.01%, projecting the production to drop to 0.1724 Thousand Metric Tons by 2028, which represents an 81.97% decrease from 2023 levels. Future trends to watch include the potential impact of climate change on crop yields, shifts in agricultural policies, and market demand fluctuations, which could further influence the trajectory of rapeseed production in Mexico.