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Mexico - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 23, 2023
Mexico's Turkey Meat Price Skyrocket 18%, Averaging $3,786 per Tons
Mexico Turkey Meat Import Price in July 2022
In July 2022, the turkey meat price amounted to $3,786 per ton (CIF, Mexico), rising by 18% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($6,796 per ton), while the price for the United States totaled $3,066 per ton.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Brazil (+31.6%).
Mexico Turkey Meat Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In July 2022, the product with the highest price was frozen cuts of turkey ($6,796 per ton), while the price for fresh or chilled cuts of turkey ($3,020 per ton) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by frozen whole turkey (+39.4%), while the prices for the other products experienced more modest paces of growth.
Mexico Turkey Meat Imports
In July 2022, imports of turkey meat into Mexico soared to 9.3K tons, with an increase of 23% compared with the previous month. In general, imports, however, saw a slight descent. The growth pace was the most rapid in May 2022 when imports increased by 48% month-to-month. Imports peaked at 9.9K tons in January 2022; however, from February 2022 to July 2022, imports remained at a lower figure.
In value terms, turkey meat imports soared to $35M (IndexBox estimates) in July 2022. Over the period under review, total imports indicated a mild expansion from January 2022 to July 2022: its value increased at an average monthly rate of +1.8% over the last six-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2022 figures, imports increased by +92.0% against April 2022 indices. The growth pace was the most rapid in May 2022 when imports increased by 53% month-to-month. Imports peaked in July 2022.
Mexico Turkey Meat Imports by Type
In July 2022, fresh or chilled cuts of turkey (6.6K tons) constituted the largest type of turkey meat supplied to Mexico, with a 71% share of total imports. Moreover, fresh or chilled cuts of turkey exceeded the figures recorded for the second-largest type, frozen cuts of turkey (1.8K tons), fourfold.
From January 2022 to July 2022, the average monthly growth rate of the volume of import of fresh or chilled cuts of turkey amounted to -4.1%. With regard to the other supplied products, the following average monthly rates of growth were recorded: frozen cuts of turkey (+9.1% per month) and fresh or chilled whole turkeys (+25.1% per month).
In value terms, the most traded types of turkey meat in Mexico were fresh or chilled cuts of turkey ($20M), frozen cuts of turkey ($12M) and fresh or chilled whole turkeys ($3.1M).
Mexico Turkey Meat Imports by Country
In July 2022, the United States (7.5K tons) constituted the largest supplier of turkey meat to Mexico, accounting for a 81% share of total imports. Moreover, turkey meat imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (1.8K tons), fourfold.
From January 2022 to July 2022, the average monthly rate of growth in terms of volume from the United States totaled -4.5%.
In value terms, the United States ($23M) and Brazil ($12M) were the largest turkey meat suppliers to Mexico.
In terms of the main suppliers, Brazil, with a CAGR of +74.6%, recorded the highest growth rate of the value of imports, over the period under review.
Factors Affecting Turkey Meat Prices
Turkey meat prices in Mexico have been on the rise in recent years, due to a number of factors. The cost of feed, transportation, and labor have all increased, while the availability of turkeys has decreased. This has led many producers to raise prices, in order to offset these higher costs.
The Mexican government has also implemented a number of policies that have contributed to higher turkey meat prices. For example, import tariffs on turkey products have been increased, which has made it more expensive for producers to source turkeys from outside of the country. Additionally, environmental regulations have been tightened, which has led to higher costs for producers who need to meet these standards.
Another factor that has contributed to rising turkey meat prices is the peso's depreciation against the US dollar. This has made imports of turkey meat more expensive and has also led to inflationary pressures within Mexico.
This report provides an in-depth analysis of the turkey meat 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:
• FCL 1080 - Turkey meat
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Producing Animals Slaughtered, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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