In 2023, the pigmeat production level in Mexico stood at 1.81 million metric tons. This indicates a steady growth trend from 1.28 million metric tons in 2013. Over the past decade, the production has experienced consistent year-on-year increases, reflecting a compounded annual growth rate (CAGR) that peaked at 4.4% in 2019. The most recent five-year CAGR stands at 3.84%. Over the last two years, the year-on-year growth rates were 3.21% in 2022 and 3.1% in 2023. Forecasts indicate that the production is expected to reach 2.08 million metric tons by 2028, with a forecasted five-year CAGR of 2.19% and a total growth rate of 11.47% from 2024 to 2028.
Future trends to watch for include technological advancements in pig farming, changes in consumer demand, potential impacts from the global trading environment, and regulatory shifts concerning meat production standards and sustainability practices. Monitoring these factors will be crucial in understanding the longer-term prospects of the pigmeat industry in Mexico.
