In 2023, Mexico's citrus production stood at 9.2839 million metric tons. Over the recent two-year period (2021-2023), the year-on-year variations were relatively modest, with 1.5% growth in 2022 and a 1.45% increase in 2023. Analyzing the last five years (2019-2023), the compound annual growth rate (CAGR) averages 1.59%, indicating a steady, albeit slow, upward trend.
Looking forward, projections for 2024 and beyond anticipate a continuation of this gradual growth pattern, with a forecast five-year CAGR of 1.13%, culminating in a total production of 9.9761 million metric tons by 2028.
Future trends to watch for:
- Impact of climate change and adverse weather conditions on production.
- Advancements in agricultural technology and practices.
- Fluctuations in global citrus demand affecting export dynamics.
- Potential governmental agricultural policies and subsidies.
