In 2023, the maize oil production in Mexico stood at 31.8 thousand metric tons. Forecasted data indicate a steady increase in production from 32.5 thousand metric tons in 2024 to 34.6 thousand metric tons by 2028. The year-on-year growth rates are projected at approximately 1.5% from 2023 to 2024, 1.5% from 2024 to 2025, 1.8% from 2025 to 2026, 1.5% from 2026 to 2027, and 1.5% from 2027 to 2028. The five-year compounded annual growth rate (CAGR) is estimated to be around 1.7% per year from 2024 to 2028.
Future trends to watch for include:
- Impact of climate changes on maize yields.
- Technological advancements in agricultural practices.
- Policy changes affecting agricultural subsidies and support.
- Fluctuations in global prices of maize oil and related commodities.
