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Mexico - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Mexico - 2023
Contents:
- Soups Price in Mexico (CIF) - 2023
- Soups Price in Mexico (FOB) - 2022
- Soups Imports in Mexico
- Soups Exports in Mexico
Soups Price in Mexico (CIF) - 2023
The average soups import price stood at $4,970 per ton in June 2023, remaining relatively unchanged against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 2.8% m-o-m. As a result, import price attained the peak level of $5,034 per ton; afterwards, it flattened through to June 2023.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($4,974 per ton), while the price for South Korea totaled $4,896 per ton.
From August 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.4%).
Soups Price in Mexico (FOB) - 2022
In 2022, the average soups export price amounted to $2,662 per ton, growing by 29% against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. Over the period under review, the average export prices reached the peak figure at $3,783 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($4,225 per ton), while the average price for exports to the United States ($2,546 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Imports in Mexico
In 2022, soups imports into Mexico soared to 54K tons, rising by 28% on the previous year. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, soups imports surged to $246M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Soups in Mexico (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | N/A | N/A | 159 | 239 | 50.3% |
South Korea | 2.3 | N/A | 2.9 | 5.3 | 32.1% |
Guatemala | 9.7 | N/A | 4.0 | 0.3 | -68.6% |
Others | 2.3 | N/A | 1.2 | 1.5 | -13.3% |
Total | 14.2 | N/A | 167 | 246 | 158.8% |
Top Suppliers of Soups to Mexico in 2022:
- United States (51.8K tons)
- South Korea (1.3K tons)
- Guatemala (0.1K tons)
Soups Exports in Mexico
In 2022, the amount of soups and broths exported from Mexico surged to 22K tons, jumping by 26% on 2021 figures. The total export volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, soups exports skyrocketed to $57M in 2022. Over the period under review, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Soups in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 38.0 | 42.4 | 31.3 | 50.6 | 10.0% |
Guatemala | 8.6 | 10.4 | 2.2 | 4.3 | -20.6% |
Honduras | 1.7 | 2.0 | 1.2 | 1.6 | -2.0% |
Others | 2.2 | 0.8 | 0.7 | 1.1 | -20.6% |
Total | 50.4 | 55.6 | 35.4 | 57.5 | 4.5% |
Top Export Markets for Soups from Mexico in 2022:
- United States (19.9K tons)
- Guatemala (1.1K tons)
- Honduras (0.4K tons)
This report provides an in-depth analysis of the soups 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 10891100 - Soups and broths and preparations therefor
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
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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
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During the review period, Soups imports reached their highest point in 2023 and are projected to continue growing in the future. In terms of value, Soups imports surged to $425M in 2023.
In January 2023, the soups price amounted to $5,002 per ton (CIF, Mexico), standing approximately at the previous month.
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