Based on the forecasted data, the oilseeds import volume in Mexico is expected to witness progressive growth from 7.5 million metric tons in 2024 to 7.93 million metric tons by 2028. The base year, 2023, recorded a volume of 7.4 million metric tons in actual terms. Analyzing the year-on-year variations, the import volume grows by approximately 1.47% from 2024 to 2025, 1.45% from 2025 to 2026, 1.3% from 2026 to 2027, and 1.41% from 2027 to 2028. The compounded annual growth rate (CAGR) from 2023 to 2028 stands at around 1.42%.
Future trends to watch for:
- Impact of global supply chain dynamics on import volumes.
- Changes in domestic oilseed production influencing import reliance.
- Economic factors and trade policies affecting Mexico's import strategies.