The centrifugal raw sugar production in Mexico increased from 6.9748 million metric tons in 2013 to 7.8132 million metric tons in 2023, reflecting a year-on-year growth of 1.69% for 2023. Over the last two years, the production grew steadily from 7.5511 million metric tons in 2021 to 7.6834 million metric tons in 2022, and continued to rise to 7.8132 million metric tons in 2023. The compound annual growth rate (CAGR) over the last five years was 1.81%. Looking forward, the forecast indicates a continued growth, reaching 8.4909 million metric tons by 2028, with a projected CAGR of 1.31% and a cumulative growth rate of 6.73% over the next five years.
Future trends to watch for:
- Technological advancements in sugar processing and extraction methods.
- Government policies and regulations impacting the sugar industry.
- Global demand for raw sugar and fluctuations in international sugar prices.
- Environmental factors such as climate change and their impact on sugarcane yield.
