Mexico - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExtracts of Tea Price in Mexico - 2023
Contents:
- Extracts of Tea Price in Mexico (CIF) - 2023
- Extracts of Tea Price in Mexico (FOB) - 2023
- Extracts of Tea Imports in Mexico
- Extracts of Tea Exports in Mexico
Extracts of Tea Price in Mexico (CIF) - 2023
In April 2023, the average extracts of tea import price amounted to $21,177 per ton, reducing by -25.6% against the previous month. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in February 2023 an increase of 67% month-to-month. Over the period under review, average import prices hit record highs at $33,124 per ton in June 2022; however, from July 2022 to April 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($22,723 per ton), while the price for China ($11,873 per ton) was amongst the lowest.
From June 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Chile (+8.6%), while the prices for the other major suppliers experienced a decline.
Extracts of Tea Price in Mexico (FOB) - 2023
The average extracts of tea export price stood at $2,465 per ton in April 2023, increasing by 5% against the previous month. Over the period from June 2022 to April 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 12% against the previous month. The export price peaked in April 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to April 2023, the rate of growth in terms of prices for the United States amounted to +2.0% per month.
Extracts of Tea Imports in Mexico
In 2022, extracts of tea imports into Mexico declined rapidly to 2K tons, falling by -54.6% against 2021. Overall, imports recorded a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, imports attained the peak of 4.4K tons, and then fell sharply in the following year.
In value terms, extracts of tea imports declined dramatically to $45M in 2022. Over the period under review, imports saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports attained the peak of $53M, and then contracted markedly in the following year.
Import of Extracts of Tea in Mexico (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 44.6 | 40.9 | 50.1 | 41.5 | -2.4% |
Kenya | 0.1 | 0.1 | 0.2 | 1.5 | 146.6% |
Chile | 2.6 | N/A | 2.0 | 1.0 | -27.3% |
China | 0.9 | 0.8 | 0.6 | 0.8 | -3.9% |
Spain | 1.3 | 1.1 | 0.1 | 0.1 | -57.5% |
Others | 0.1 | 0.7 | 0.3 | 0.3 | 44.2% |
Total | 49.6 | 43.7 | 53.3 | 45.1 | -3.1% |
Top Suppliers of Extracts of Tea to Mexico in 2022:
- United States (1683.8 tons)
- Chile (130.6 tons)
- China (75.4 tons)
- Kenya (74.8 tons)
- Spain (13.7 tons)
Extracts of Tea Exports in Mexico
In 2022, approx. 9.8K tons of extracts, essences and concentrates of tea or mate were exported from Mexico; jumping by 349% compared with 2021 figures. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, extracts of tea exports surged to $20M in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Extracts of Tea in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.1 | 2.5 | 4.3 | 20.1 | 112.3% |
Others | 0.3 | 0.4 | 0.1 | N/A | -42.3% |
Total | 2.4 | 3.0 | 4.4 | 20.1 | 103.1% |
Top Export Markets for Extracts of Tea from Mexico in 2022:
- United States (9.8K tons)
This report provides an in-depth analysis of the extracts of tea market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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