The demand for grapes in Mexico, expressed as volume in Thousand Metric Tons, shows a notable increase from 321.0 in 2014 to 431.0 in 2023. Despite fluctuations from year to year, there is an upward trend overall. The variations indicate significant shifts, with a peak YoY growth of 31.38% in 2018 followed by minor declines and steady growth. By 2023, the year-on-year variation stands at 1.65%, with a five-year CAGR of 0.19%. Forecasts from 2024 predict a steady annual growth rate around 1.29%, achieving a projected value of 467.9 Thousand Metric Tons by 2028.
Future trends to watch for include the potential impact of climate change on grape yields, shifts in consumer preferences, and advancements in agricultural technology which may further boost production efficiency and meet growing demand. Additionally, monitoring trade policies and economic conditions will be crucial in predicting future market dynamics.
