Price for Vegetable Products Not Elsewhere Specified or Included in Mexico - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Mexico (FOB) - 2024
- Price for Vegetable Products Not Elsewhere Specified or Included in Mexico (CIF) - 2024
- Exports of Vegetable Products Not Elsewhere Specified or Included in Mexico
- Imports of Vegetable Products Not Elsewhere Specified or Included in Mexico
Price for Vegetable Products Not Elsewhere Specified or Included in Mexico (FOB) - 2024
In June 2023, the average export price for vegetable products not elsewhere specified or includeds amounted to $2,801 per ton, dropping by -12.3% against the previous month. Over the last four-month period, it increased at an average monthly rate of +2.8%. The pace of growth was the most pronounced in March 2023 when the average export price increased by 17% month-to-month. The export price peaked at $3,194 per ton in May 2023, and then fell in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was China ($6,814 per ton), while the average price for exports to the United States amounted to $2,667 per ton.
From February 2023 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%).
Price for Vegetable Products Not Elsewhere Specified or Included in Mexico (CIF) - 2024
In April 2023, the average import price for vegetable products not elsewhere specified or includeds amounted to $658 per ton, which is down by -15.7% against the previous month. Over the period under review, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in March 2023 an increase of 7% month-to-month. As a result, import price attained the peak level of $781 per ton, and then fell notably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was India ($739 per ton), while the price for the United States ($267 per ton) was amongst the lowest.
From February 2023 to April 2023, the most notable rate of growth in terms of prices was attained by India (+6.6%), while the prices for the other major suppliers experienced a decline.
Exports of Vegetable Products Not Elsewhere Specified or Included in Mexico
In 2022, shipments abroad of vegetable products not elsewhere specified or includeds decreased by -21.2% to 10K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 18%. As a result, the exports reached the peak of 37K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of vegetable products not elsewhere specified or includeds fell sharply to $33M in 2022. Over the period under review, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 46%. As a result, the exports attained the peak of $78M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Vegetable Products Not Elsewhere Specified or Included in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 46.2 | 72.7 | 40.6 | 32.5 | -11.1% |
| China | 4.4 | 4.8 | 1.2 | 0.7 | -45.8% |
| Others | 2.6 | 0.2 | 0.2 | 0.1 | -66.2% |
| Total | 53.2 | 77.6 | 42.0 | 33.4 | -14.4% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Mexico in 2022:
- United States (10.3K tons)
- China (0.1K tons)
Imports of Vegetable Products Not Elsewhere Specified or Included in Mexico
Imports of vegetable products not elsewhere specified or includeds into Mexico skyrocketed to 28K tons in 2022, surging by 84% compared with 2021 figures. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of vegetable products not elsewhere specified or includeds soared to $26M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Products Not Elsewhere Specified or Included in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 3.7 | 2.7 | 7.7 | 21.1 | 78.7% |
| Peru | 2.8 | 1.9 | 1.7 | 1.9 | -12.1% |
| India | 0.5 | 0.7 | 0.8 | 1.7 | 50.4% |
| United States | N/A | N/A | 0.9 | 1.0 | 11.1% |
| China | 0.1 | 1.7 | 0.4 | N/A | 100.0% |
| Others | 0.6 | 0.5 | N/A | 0.1 | -45.0% |
| Total | 7.7 | 7.5 | 11.5 | 25.8 | 49.6% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Mexico in 2022:
- Sri Lanka (20.7K tons)
- United States (4.8K tons)
- India (1.4K tons)
- Peru (0.8K tons)
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