The sugar cane yield in Mexico has experienced fluctuations over the past decade, with notable declines between 2013 to 2016, and slight increases from 2017 onwards. As of 2023, the yield stood at 743.23 thousand hectograms per hectare. Year-on-year growth has generally been minimal, with a 0.12% increase in 2022 and 2023. The compound annual growth rate (CAGR) over the last five years was 0.55%, indicating a slow but steady improvement in yield.
Forecasted data from 2024 to 2028 suggests a small yet consistent increase in yield, with a forecasted 5-year CAGR of 0.1% and an overall 5-year growth rate of 0.48% by 2028. This points to a stable yet moderate improvement in production efficiency.
Future Trends to Watch For:
- Advancements in agricultural technology could drive further improvements in yield efficiency.
- Climate change impact and water resource management will be crucial factors to monitor.
- Government policies and subsidies may influence production and yield outcomes.
- Global sugar market trends and demand fluctuations could affect local production strategies.
