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Mexico - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Mexico - 2023
Contents:
- Refined Olive Oil Price in Mexico (CIF) - 2023
- Refined Olive Oil Price in Mexico (FOB) - 2022
- Refined Olive Oil Imports in Mexico
- Refined Olive Oil Exports in Mexico
Refined Olive Oil Price in Mexico (CIF) - 2023
The average refined olive oil import price stood at $7,131 per ton in August 2023, picking up by 14% against the previous month. Over the period under review, the import price saw a remarkable increase. The most prominent rate of growth was recorded in December 2022 an increase of 29% against the previous month. The import price peaked in August 2023.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($7,499 per ton), while the price for Spain totaled $7,106 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+7.2%).
Refined Olive Oil Price in Mexico (FOB) - 2022
The average refined olive oil export price stood at $8,867 per ton in 2022, picking up by 93% against the previous year. Over the period under review, the export price posted a strong increase. The export price peaked at $9,061 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
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 the Dominican Republic amounted to +36.3% per year.
Refined Olive Oil Imports in Mexico
In 2022, supplies from abroad of refined olive oil decreased by -16.3% to 5.3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.2% 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 +60.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. As a result, imports reached the peak of 6.3K tons, and then dropped rapidly in the following year.
In value terms, refined olive oil imports expanded notably to $18M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.4% 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 +61.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Refined Olive Oil in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 9.8 | 12.0 | 16.0 | 17.2 | 20.6% |
Italy | 0.6 | 0.7 | 1.0 | 0.7 | 5.3% |
United States | 0.7 | 0.6 | 0.2 | 0.2 | -34.1% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 11.1 | 13.4 | 17.1 | 18.0 | 17.5% |
Top Suppliers of Refined Olive Oil to Mexico in 2022:
- United States (undefinedK tons)
- Spain (5.1K tons)
- Italy (0.1K tons)
Refined Olive Oil Exports in Mexico
After three years of growth, shipments abroad of refined olive oil decreased by -99.9% to 30 kg in 2022. Over the period under review, exports saw a sharp slump. The pace of growth appeared the most rapid in 2020 with an increase of 87%.
In value terms, refined olive oil exports shrank sharply to $266 in 2022. In general, exports faced a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. As a result, the exports reached the peak of $151K, and then declined sharply in the following year.
Export of Refined Olive Oil in Mexico (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 75.0 | N/A | N/A | 0.3 | -84.1% |
Ecuador | N/A | N/A | 28.4 | N/A | 0% |
Guatemala | 2.4 | 30.0 | 103 | N/A | 555.1% |
Portugal | N/A | 15.4 | N/A | N/A | 0% |
Belize | N/A | 17.8 | N/A | N/A | 0% |
Saudi Arabia | 3.5 | N/A | N/A | N/A | 0% |
Others | 2.2 | 24.0 | 19.0 | N/A | 193.9% |
Total | 83.1 | 87.3 | 151 | 0.3 | -84.7% |
Top Export Markets for Refined Olive Oil from Mexico in 2022:
- United States (30.0 kg)
This report provides an in-depth analysis of the refined olive oil market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the refined olive oil market in Mexico.
This report provides an in-depth analysis of the virgin olive oil market in Mexico.
This report provides an in-depth analysis of the olive oil market in Mexico.
This report provides an in-depth analysis of the global refined olive oil market.
This report provides an in-depth analysis of the global virgin olive oil market.
This report provides an in-depth analysis of the global olive oil market.
This report provides an in-depth analysis of the refined olive oil market in Mexico.
This report provides an in-depth analysis of the virgin olive oil market in Mexico.
This report provides an in-depth analysis of the olive oil market in Mexico.
This report provides an in-depth analysis of the global refined olive oil market.
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