Price for Protein; Concentrates and Textured Protein Substances in Mexico - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Mexico (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Mexico (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Mexico
- Exports of Protein; Concentrates and Textured Protein Substances in Mexico
Price for Protein; Concentrates and Textured Protein Substances in Mexico (CIF) - 2024
In April 2024, the average import price for protein; concentrates and textured protein substanceses amounted to $2,537 per ton, surging by 5.1% against the previous month. In general, the import price, however, recorded a mild slump. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 20% month-to-month. As a result, import price reached the peak level of $3,775 per ton. From July 2023 to April 2024, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In April 2024, the country with the highest price was the Netherlands ($2,996 per ton), while the price for China ($2,337 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Brazil (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Protein; Concentrates and Textured Protein Substances in Mexico (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $8,677 per ton, waning by -3.3% against the previous year. Over the period under review, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 272% against the previous year. Over the period under review, the average export prices attained the peak figure at $8,975 per ton in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +15.0% per year.
Imports of Protein; Concentrates and Textured Protein Substances in Mexico
In 2022, approx. 24K tons of protein; concentrates and textured protein substanceses were imported into Mexico; increasing by 5.1% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 52%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of protein; concentrates and textured protein substanceses rose notably to $87M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 64.1 | 63.3 | 70.3 | 72.6 | 4.2% |
| China | 4.2 | 4.3 | 4.3 | 11.6 | 40.3% |
| Netherlands | N/A | 0.9 | 1.3 | 1.1 | 10.6% |
| Brazil | 2.8 | 1.8 | 0.6 | 0.6 | -40.2% |
| Others | 0.5 | 1.7 | 0.6 | 0.9 | 21.6% |
| Total | 71.7 | 72.0 | 77.0 | 86.8 | 6.6% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Mexico in 2022:
- United States (19.1K tons)
- China (3.6K tons)
- Netherlands (0.5K tons)
- Brazil (0.3K tons)
Exports of Protein; Concentrates and Textured Protein Substances in Mexico
Exports of protein; concentrates and textured protein substanceses from Mexico expanded significantly to 1.2K tons in 2022, growing by 12% against the previous year's figure. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 190% against the previous year. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of protein; concentrates and textured protein substanceses expanded rapidly to $10M in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 181%. As a result, the exports reached the peak of $12M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Protein; Concentrates and Textured Protein Substances in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.0 | 11.5 | 9.4 | 10.2 | 36.6% |
| Guatemala | 0.2 | 0.5 | N/A | N/A | 150.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 4.2 | 11.9 | 9.4 | 10.2 | 34.4% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Mexico in 2022:
- United States (1.2K tons)
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