The wheat consumption at the farm gate in Mexico displayed a mix of modest growth and occasional declines from 2013 to 2023. The consumption in 2023 stood at 7.62 million metric tons. Key annual variations over the last two years show a positive growth, with a 1.03% increase from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years was 1.64%, reflecting continued overall expansion despite some year-to-year volatility.
Future Trends to Watch:
- Forecasts suggest a gradual increase, approaching 8.0 million metric tons by 2028.
- A 5-year compound annual growth rate (CAGR) of 0.77% and an overall growth rate of 3.89% signal steady, albeit slow, growth in wheat consumption.
- Potential impacts of climatic conditions, policy changes, and economic factors on wheat production and consumption trends.