The production volumes of agriculture, forestry, and seafood in Mexico have shown overall positive growth from 2013 to 2023, increasing from 893.33 billion to 1102.1 billion Mexican Pesos. This 10-year period experienced an average annual growth rate (CAGR) of approximately 2.07%. Notable yearly variations include a dip in 2020 (-3.52%) followed by a significant rebound in 2021 (6.84%). As of 2023, production stood at 1102.1 billion, with a year-on-year growth of 1.4%. Future forecasts predict moderate growth with a CAGR of 1.1% from 2024 to 2028, reaching 1181.6 billion by 2028.
Future trends to watch for include:
• Climate change impacts on agricultural output.
• Technological advancements in farming practices.
• Changes in global trade policies affecting exports.
• Shifts in domestic policy around agriculture and environmental sustainability.
