Wheat consumption in Mexico stood at 7.61 million metric tons in 2023. The forecasted data for subsequent years show a steady increase, with consumption expected to reach 8.02 million metric tons by 2028. This denotes a year-on-year increase of 1.17% from 2024 to 2025, 1.03% from 2025 to 2026, 1.02% from 2026 to 2027, and 1.01% from 2027 to 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1.04%.
Future trends to watch for include:
- Technological advancements in agriculture which may influence production efficiency.
- Changes in consumer preferences and dietary trends.
- Economic developments and trade policies affecting wheat imports and exports.
- Climate change impacts on wheat yield and supply chain disruptions.
