Sugar production in Mexico was 58.02 million metric tons in 2023. Actual values have shown fluctuations; significant drops between 2019 and 2020, followed by steady recovery. From 2021, the annual growth rate depicted a positive trajectory. Forecast data (2024-2028) indicate consistent growth, with a projected 2028 value at 60.5 million metric tons.
Year-on-Year variations reveal:
- 2022: +5.33%
- 2023: +3.71%
Over the past five years, the CAGR stood at 0.57%.
Future trends to watch include agricultural innovations, trade policy impacts, and climate change effects on crop yields, likely influencing production stability and growth rates.
