The grapes production in Mexico has shown considerable growth over the last decade, with actual data showing a steady increase from 336.0 thousand metric tons in 2014 to 456.0 thousand metric tons in 2023. The production values in 2023 stood at 456.0 thousand metric tons, illustrating a year-on-year variation of 1.56%. Over the last two years, the production saw a yearly average rise, evidenced by a compound annual growth rate (CAGR) of 1.13%. Over a longer period, from 2014 to 2023, notable fluctuations occurred, including a significant 20.18% increase in 2017 and a slight drop in other years.
Looking ahead, the forecasted data from 2024 through 2028 suggest a continued positive trend with the production expected to reach 492.85 thousand metric tons in 2028. Anticipated average annual growth shows a 1.22% CAGR, indicating stable but moderate growth. The total forecasted growth rate over the next five years is projected at 6.27%.
Future trends to watch for include advancements in agricultural technologies, climate change impacts, and potential shifts in domestic and international demand. These factors could significantly influence the production volumes and growth rates of grape production in Mexico.
