The oilseeds processing market in Mexico has demonstrated a steady upward trend from 2014 to 2023, showing a relatively low but consistent annual growth. In 2023, the value stood at 6.82 million metric tons. Analyzing the year-on-year variation, we observe fluctuations ranging from moderate growth of 5.09% in 2017 to slight declines such as -0.23% in 2019. The Compound Annual Growth Rate (CAGR) over the past five years has been minimal at 0.58%, indicating a gradual increase in oilseeds processing volumes.
Looking at forecast data from 2024 to 2028, the trend continues with a projected steady growth, culminating in an estimated 7.06 million metric tons by 2028. The future CAGR is forecasted to be 0.55%, with an overall growth rate of 2.77% for the next five years.
Trends to watch for:
- Technological advancements in processing techniques.
- Regulatory shifts impacting the agricultural sector.
- Market demands influenced by domestic and international trading policies.
- Environmental factors affecting crop yields and harvests.
