Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Mexico - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Mexico (FOB) - 2023
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Mexico (CIF) - 2023
3. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Mexico
4. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Mexico

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Mexico (FOB) - 2023

In October 2023, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,786 per ton, growing by 65% against the previous month. Over the period under review, the export price, however, recorded a mild setback. Over the period under review, the average export prices hit record highs at $3,199 per ton in October 2022; however, from November 2022 to October 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($3,778 per ton), while the average price for exports to Guatemala totaled $1,732 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.3%).

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Mexico (CIF) - 2023

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $3,090 per ton in October 2023, waning by -4.1% against the previous month. In general, the import price showed a mild setback. The pace of growth appeared the most rapid in June 2023 an increase of 63% against the previous month. As a result, import price attained the peak level of $5,695 per ton. From July 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($3,669 per ton), while the price for Spain ($1,987 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Mexico

In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats exported from Mexico skyrocketed to 23K tons, picking up by 95% on the year before. Over the period under review, total exports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $64M in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Mexico in 2022:

1. United States (22.0K tons)
2. Guatemala (1.2K tons)

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Mexico

In 2022, after three years of growth, there was significant decline in purchases abroad of liquid margarine and edible mixtures of animal or vegetable fats, when their volume decreased by -21.9% to 7.8K tons. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 100% against the previous year.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats contracted to $29M in 2022. The total import value increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. As a result, imports reached the peak of $34M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Mexico in 2022:

1. United States (7.0K tons)
2. Malaysia (0.6K tons)
3. Spain (0.2K tons)

Source: IndexBox Market Intelligence Platform