
Mexico - Malt (Not Roasted) - Market Analysis, Forecast, Size, Trends And Insights
Mexico's Malt Price Reduces Modestly to $699 per Ton
Mexico Malt Import Price in July 2022
In July 2022, the malt price amounted to $699 per ton (CIF, Mexico), reducing by -8.5% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 4.5% against the previous month. The import price peaked at $764 per ton in June 2022, and then reduced in the following month.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From January 2022 to July 2022, the rate of growth in terms of prices for the United States amounted to +0.2% per month.
Mexico Malt Imports
In July 2022, purchases abroad of malt (not roasted) increased by 19% to 20K tons for the first time since April 2022, thus ending a two-month declining trend. Overall, imports, however, saw a slight decline. Over the period under review, imports attained the peak figure at 21K tons in January 2022; however, from February 2022 to July 2022, imports stood at a somewhat lower figure.
In value terms, malt imports expanded remarkably to $14M (IndexBox estimates) in July 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2022 with an increase of 9.2% month-to-month. As a result, imports reached the peak of $15M. From May 2022 to July 2022, the growth of imports failed to regain momentum.
Mexico Malt Imports by Country
In July 2022, the United States (20K tons) was the main supplier of malt to Mexico, with a approximately 99% share of total imports.
From January 2022 to July 2022, the average monthly rate of growth in terms of volume from the United States totaled -1.2%.
In value terms, the United States ($14M) constituted the largest supplier of malt to Mexico.
From January 2022 to July 2022, the average monthly rate of growth in terms of value from the United States was relatively modest.
Factors Affecting Malt Prices
Malt prices in Mexico have been on the rise in recent years, due to a number of factors. The primary factor is the increasing demand for beer in the country. As more and more people are consuming beer, the demand for malt has increased, driving up prices. Additionally, there has been a decrease in the amount of barley being produced in Mexico. This has led to less competition among malt suppliers, and thus higher prices.
The malt price in Mexico is also determined by the type of malt used, the amount of malt used, and the manufacturing process.The other factor that has contributed to rising malt prices is the devaluation of the Mexican peso against the US dollar. Because most malt is traded in dollars, the peso's weakened state has made it more expensive for Mexican brewers to buy. In order to offset these costs, many have had to raise their own prices.
This report provides an in-depth analysis of the malt 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.
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Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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