Mexico's raw sugar equivalent production has demonstrated a consistent growth trajectory from 2014 to 2023, increasing from 6.02 million metric tons to 7.56 million metric tons. This reflects a Compound Annual Growth Rate (CAGR) of 1.15% over the last five years. Notable year-on-year variations include a 16.04% increase in 2016 and a 6.58% jump in 2021, offset by a 3.79% decline in 2020. As of 2023, production grew by 1.16% from the previous year.
Looking ahead, forecasted data suggests continued growth, with production expected to reach 8.02 million metric tons by 2028, reflecting a five-year CAGR of 0.92%. Future trends to watch include potential impacts from climate changes, technological advancements in agriculture, and shifts in global sugar market dynamics.
