Price for Food Preparations Not Elsewhere Specified or Included in Mexico - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Mexico (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Mexico (FOB) - 2023
- Imports of Food Preparations Not Elsewhere Specified or Included in Mexico
- Exports of Food Preparations Not Elsewhere Specified or Included in Mexico
Price for Food Preparations Not Elsewhere Specified or Included in Mexico (CIF) - 2022
In 2022, the average import price for food preparations not elsewhere specified or included amounted to $9,181 per ton, with an increase of 5.3% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for food preparations not elsewhere specified or included increased by +86.4% against 2014 indices. The growth pace was the most rapid in 2019 when the average import price increased by 17%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($12,503 per ton), while the price for Taiwan (Chinese) ($913 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Mexico (FOB) - 2023
In December 2023, the average export price for food preparations not elsewhere specified or included amounted to $18,220 per ton, with a decrease of -17% against the previous month. In general, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in August 2023 an increase of 229% against the previous month. As a result, the export price attained the peak level of $29,734 per ton. From September 2023 to December 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In December 2023, the highest price was recorded for prices to Cuba ($7,623 per ton) and Peru ($7,623 per ton), while the average price for exports to Guatemala ($6,241 per ton) and Costa Rica ($7,623 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Mexico
In 2022, approx. 79K tons of food preparations not elsewhere specified or included were imported into Mexico; reducing by -1.6% against 2021. Over the period under review, imports recorded a pronounced decrease. The smallest decline of -0.3% was in 2021.
In value terms, imports of food preparations not elsewhere specified or included rose slightly to $728M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 5.1%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Food Preparations Not Elsewhere Specified or Included in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 554 | 477 | 560 | 574 | 1.2% |
| China | 11.5 | 12.4 | 15.6 | 24.9 | 29.4% |
| Germany | 10.7 | 9.6 | 10.4 | 14.4 | 10.4% |
| Netherlands | 13.0 | 14.4 | 14.2 | 12.0 | -2.6% |
| Taiwan (Chinese) | 1.1 | 0.8 | 1.9 | 4.6 | 61.1% |
| Others | 113 | 155 | 100 | 98.6 | -4.4% |
| Total | 703 | 668 | 703 | 728 | 1.2% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Mexico in 2022:
- United States (60.4K tons)
- Taiwan (Chinese) (5.0K tons)
- China (3.2K tons)
- Netherlands (1.9K tons)
- Germany (1.9K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Mexico
In 2022, approx. 25K tons of food preparations not elsewhere specified or included were exported from Mexico; rising by 73% compared with the previous year's figure. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of food preparations not elsewhere specified or included soared to $467M in 2022. The total export value increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Food Preparations Not Elsewhere Specified or Included in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 126 | 168 | 195 | 226 | 21.5% |
| Colombia | 28.9 | 17.6 | 27.4 | 32.7 | 4.2% |
| Canada | 33.2 | 27.6 | 21.6 | 28.7 | -4.7% |
| Costa Rica | 19.6 | 18.1 | 18.5 | 20.9 | 2.2% |
| Spain | 10.7 | 12.9 | 16.1 | 19.3 | 21.7% |
| El Salvador | 10.9 | 12.8 | 15.2 | 18.5 | 19.3% |
| Dominican Republic | 9.3 | 7.5 | 7.1 | 13.2 | 12.4% |
| Brazil | 15.8 | 7.6 | 11.5 | 10.0 | -14.1% |
| Honduras | 6.2 | 6.3 | 8.9 | 9.9 | 16.9% |
| Nicaragua | 7.9 | 8.1 | 8.1 | 8.9 | 4.1% |
| Panama | 6.1 | 5.9 | 6.3 | 7.7 | 8.1% |
| Chile | 3.0 | 6.1 | 4.8 | 7.1 | 33.3% |
| Cuba | 1.5 | 0.9 | 1.7 | 1.8 | 6.3% |
| Others | 69.8 | 64.3 | 63.0 | 62.3 | -3.7% |
| Total | 349 | 363 | 405 | 467 | 10.2% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Mexico in 2022:
- United States (4.3K tons)
- Spain (3.1K tons)
- Costa Rica (2.7K tons)
- Dominican Republic (2.1K tons)
- Brazil (1.6K tons)
- Honduras (1.6K tons)
- Nicaragua (1.4K tons)
- Cuba (1.3K tons)
- Panama (1.2K tons)
- Chile (1.1K tons)
- El Salvador (0.9K tons)
- Canada (0.7K tons)
- Colombia (0.6K tons)
524
This report provides an in-depth analysis of the market for prepared dishes and meal in Mexico.
353
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in Mexico.
427
This report provides an in-depth analysis of the hot-dipped metal-coated sheet market in Mexico.
1420
This report provides an in-depth analysis of the global market for prepared dishes and meal.
890
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
600
This report provides an in-depth analysis of the global hot-dipped metal-coated sheet market.
524
This report provides an in-depth analysis of the market for prepared dishes and meal in Mexico.
353
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in Mexico.
1420
This report provides an in-depth analysis of the global market for prepared dishes and meal.
890
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
280
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
306
Explore the top import markets for hot-dipped metal-coated sheet, including the United States, Germany, Belgium, and more. Discover key statistics and data from the IndexBox market intelligence platform.
280
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
