Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Mexico - 2023

Contents:

  1. Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Mexico (CIF) - 2023
  2. Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Mexico (FOB) - 2023
  3. Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Mexico
  4. Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Mexico

Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Mexico (CIF) - 2023

The average import price for vegetables; potatoes (other than seed), fresh or chilleds stood at $676 per ton in November 2023, surging by 1.7% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 8.6% against the previous month. The import price peaked at $885 per ton in July 2023; however, from August 2023 to November 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From November 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to -0.6% per month.

Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Mexico (FOB) - 2023

The average export price for vegetables; potatoes (other than seed), fresh or chilleds stood at $1,016 per ton in November 2023, almost unchanged from the previous month. Overall, the export price continues to indicate a slight expansion. The pace of growth was the most pronounced in July 2023 an increase of 64% against the previous month. As a result, the export price attained the peak level of $1,566 per ton. From August 2023 to November 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Belize ($1,063 per ton), while the average price for exports to the United States totaled $592 per ton.

From June 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belize (-0.2%).

Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Mexico

In 2022, approx. 119K tons of vegetables; potatoes (other than seed), fresh or chilleds were imported into Mexico; with an increase of 2.6% compared with 2021. Overall, imports, however, saw a slight setback. The most prominent rate of growth was recorded in 2020 when imports increased by 16%. As a result, imports attained the peak of 142K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds soared to $83M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States58.860.355.583.012.2%
OthersN/AN/AN/AN/A0%
Total58.860.355.583.012.2%

Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Mexico in 2022:

  1. United States (118.8K tons)

Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Mexico

In 2022, overseas shipments of vegetables; potatoes (other than seed), fresh or chilleds decreased by -43.4% to 1K tons, falling for the second consecutive year after two years of growth. In general, exports saw a sharp decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 8.8% against the previous year. As a result, the exports reached the peak of 3.7K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds dropped markedly to $244K in 2022. Overall, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 1.8%. As a result, the exports attained the peak of $692K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belize621628402244-26.8%
El Salvador17.85.615.7N/A-6.1%
Others41.559.273.7N/A33.3%
Total680692491244-28.9%

Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Mexico in 2022:

  1. Belize (1.0K tons)

Source: IndexBox Market Intelligence Platform

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