Price for Offal, Edible; of Swine, Fresh or Chilled in Mexico - 2023

Price for Offal, Edible; of Swine, Fresh or Chilled in Mexico (CIF) - 2023

The average import price for offal, edible; of swine, fresh or chilled stood at $1,309 per ton in October 2023, approximately reflecting the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 5.7% m-o-m. As a result, import price reached the peak level of $1,343 per ton; afterwards, it flattened through to October 2023.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Canada ($1,435 per ton), while the price for the United States stood at $1,287 per ton.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Canada (+0.6%).

Price for Offal, Edible; of Swine, Fresh or Chilled in Mexico (FOB) - 2022

In 2022, the average export price for offal, edible; of swine, fresh or chilled amounted to $2,156 per ton, rising by 47% against the previous year. Over the period under review, the export price recorded a strong expansion. The growth pace was the most rapid in 2013 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($2,425 per ton), while the average price for exports to the United States amounted to $418 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.7%), while the prices for the other major destinations experienced a decline.

Imports of Offal, Edible; of Swine, Fresh or Chilled in Mexico

In 2022, purchases abroad of offal, edible; of swine, fresh or chilled decreased by -0.7% to 143K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year.

In value terms, imports of offal, edible; of swine, fresh or chilled expanded sharply to $163M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Offal, Edible; of Swine, Fresh or Chilled in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	89.6	88.4	116	131	13.5%
Canada	25.6	22.9	33.4	32.3	8.1%
Others	N/A	N/A	0.1	N/A	0%
Total	115	111	150	163	12.3%

Top Suppliers of Offal, Edible; of Swine, Fresh or Chilled to Mexico in 2022:

United States (115.7K tons)
Canada (26.9K tons)

Exports of Offal, Edible; of Swine, Fresh or Chilled in Mexico

In 2022, approx. 143 tons of offal, edible; of swine, fresh or chilled were exported from Mexico; declining by -21.3% compared with the previous year's figure. Over the period under review, exports saw a significant curtailment.

In value terms, exports of offal, edible; of swine, fresh or chilled soared to $308K in 2022. In general, exports continue to indicate a deep reduction.