The domestic industrial consumption of palm oil in Mexico was recorded at X thousand metric tons in 2023. The forecasted data for the next five years shows a steady increase: 491.0 thousand metric tons in 2024, 501.0 thousand metric tons in 2025, 512.0 thousand metric tons in 2026, 522.0 thousand metric tons in 2027, and 532.0 thousand metric tons in 2028. Based on this series, year-on-year variation percentages are as follows:
- 2024-2025: 2.04%
- 2025-2026: 2.19%
- 2026-2027: 1.95%
- 2027-2028: 1.92%
The compound annual growth rate (CAGR) over the entire five-year period from 2024 to 2028 is approximately 2.04% per year.
Future trends to watch for include potential impacts of environmental sustainability practices on palm oil production, shifts in demand driven by consumer preferences for healthier or alternative oils, and geopolitical factors affecting trade agreements and tariffs on palm oil imports.
