The orange and mandarin market in Mexico has seen minimal fluctuation from 2014 to 2023, with values remaining close to 4.18 million metric tons. There was a slight downturn in 2020, but the market rebounded to its average level by 2021. The year-on-year variation for 2023 showed a marginal increase of 0.024%, with a CAGR of 0.019% over the last five years.
Between 2014 and 2019, the market experienced small, inconsistent shifts, including a notable drop in 2016 and 2017 and a significant decrease in 2020 before recovering in 2021. Forecasted data for 2024 onward suggests stable growth with a 5-year CAGR of 0.03% and a total growth rate of 0.13% by 2028.
Future trends to watch for:
- Potential impact of climate change on citrus production
- Emerging market demand and shifts in consumer preferences
- Technological advancements in agriculture boosting yields
