The domestic consumption of orange juice in Mexico has shown significant fluctuations over the past decade. In 2023, the consumption stood at 6.6 thousand metric tons. From 2013 to 2018, the consumption experienced an overall increase, peaking in 2015 at 8.5 thousand metric tons. However, a sharp decline occurred in 2019, followed by a partial recovery in subsequent years. Specifically, the year-on-year change from 2022 to 2023 was a decrease of 5.73%. The compound annual growth rate (CAGR) over the last five years (from 2019 to 2023) averaged at -3.78%.
Looking forward to the forecasted period from 2024 to 2028, the consumption level is expected to remain relatively stable with a slight decrease. By 2028, the compound annual growth rate is projected to be -0.19%, indicating a marginally declining trend with an overall growth rate of -0.93% over the five-year period.
Future trends to watch for include potential shifts due to changes in consumer preferences, economic conditions, and possible impacts from climate change on orange production. Monitoring these factors will be crucial for understanding and forecasting Mexican orange juice consumption patterns accurately.
