Mexico - Chocolate And Confectionery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChocolate and Confectionery Price in Mexico - 2023
Contents:
- Chocolate and Confectionery Price in Mexico (FOB) - 2023
- Chocolate and Confectionery Price in Mexico (CIF) - 2023
- Chocolate and Confectionery Exports in Mexico
- Chocolate and Confectionery Imports in Mexico
Chocolate and Confectionery Price in Mexico (FOB) - 2023
The average chocolate and confectionery export price stood at $3,912 per ton in June 2023, approximately mirroring the previous month. In general, the export price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in April 2023 an increase of 127% month-to-month. The export price peaked at $4,971 per ton in January 2023; however, from February 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($7,573 per ton), while the average price for exports to the United States ($3,768 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Chocolate and Confectionery Price in Mexico (CIF) - 2023
In June 2023, the average chocolate and confectionery import price amounted to $4,765 per ton, with a decrease of -3.5% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 14% against the previous month. The import price peaked at $5,041 per ton in September 2022; however, from October 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($9,349 per ton), while the price for the United States ($4,527 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate and Confectionery Exports in Mexico
In 2022, approx. 220K tons of chocolate and confectionery were exported from Mexico; surging by 12% on the previous year's figure. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, chocolate and confectionery exports expanded significantly to $658M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern.
Export of Chocolate and Confectionery in Mexico (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 591 | 558 | 518 | 597 | 0.3% |
Canada | 55.0 | 39.3 | 29.9 | 27.6 | -20.5% |
Guatemala | 9.0 | 9.2 | 11.2 | 15.2 | 19.1% |
Others | 20.5 | 19.9 | 19.6 | 17.9 | -4.4% |
Total | 675 | 626 | 579 | 658 | -0.8% |
Top Export Markets for Chocolate and Confectionery from Mexico in 2022:
- United States (208.7K tons)
- Canada (4.0K tons)
- Guatemala (3.8K tons)
Chocolate and Confectionery Imports in Mexico
In 2022, after three years of growth, there was decline in purchases abroad of chocolate and confectionery, when their volume decreased by -0.9% to 68K tons. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 14%. As a result, imports reached the peak of 69K tons, leveling off in the following year.
In value terms, chocolate and confectionery imports rose significantly to $316M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 13%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Chocolate and Confectionery in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 206 | 163 | 192 | 223 | 2.7% |
Canada | 31.2 | 29.7 | 27.3 | 32.5 | 1.4% |
Germany | 12.6 | 11.0 | 15.4 | 16.5 | 9.4% |
Netherlands | 0.4 | 20.0 | 24.4 | 12.2 | 212.4% |
Malaysia | N/A | 3.8 | 11.3 | 10.1 | 63.0% |
Belgium | 9.3 | 8.1 | 6.1 | 3.1 | -30.7% |
Others | 27.8 | 22.6 | 14.0 | 18.5 | -12.7% |
Total | 288 | 258 | 291 | 316 | 3.1% |
Top Suppliers of Chocolate and Confectionery to Mexico in 2022:
- United States (49.4K tons)
- Canada (7.3K tons)
- Netherlands (3.6K tons)
- Malaysia (2.2K tons)
- Germany (2.0K tons)
- Belgium (0.3K tons)
This report provides an in-depth analysis of the chocolate and confectionery 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 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)
- Prodcom 10821200 - Cocoa butter, fat and oil
- Prodcom 10821300 - Cocoa powder, not containing added sugar or other sweetening matter
- Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
- Prodcom 10822150 - Chocolate milk crumb containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822170 - Chocolate flavour coating containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822190 - Food preparations containing <18 % of cocoa butter and in packings weighing > 2 kg (excluding chocolate flavour coating, chocolate milk crumb)
- Prodcom 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
- Prodcom 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)
- Prodcom 10822239 - Chocolate blocks, slabs or bars (excluding filled, with added cereal, fruit or nuts, chocolate biscuits)
- Prodcom 10822243 - Chocolates (including pralines) containing alcohol (excluding in blocks, slabs or bars)
- Prodcom 10822245 - Chocolates (excluding those containing alcohol, in blocks, s labs or bars)
- Prodcom 10822253 - Filled chocolate confectionery (excluding in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822255 - Chocolate confectionery (excluding filled, in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822260 - Sugar confectionery and substitutes therefor made from sugar substitution products, containing cocoa (including chocolate nougat) (excluding white chocolate)
- Prodcom 10822270 - Chocolate spreads
- Prodcom 10822280 - Preparations containing cocoa for making beverages
- Prodcom 10822290 - Food products with cocoa (excluding cocoa paste, butter, p owder, blocks, slabs, bars, liquid, paste, powder, granular, o ther bulk form in packings > 2 kg, to make beverages, c hocolate spreads)
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
This report provides an in-depth analysis of the chocolate and confectionery market in Mexico.
This report provides an in-depth analysis of the chocolate market in Mexico.
This report provides an in-depth analysis of the chocolate market in Mexico.
This report provides an in-depth analysis of the market for chocolate bar with filling in Mexico.
This report provides an in-depth analysis of the chocolate flavour coating market in Mexico.
This report provides an in-depth analysis of the chocolate milk crumb market in Mexico.
This report provides an in-depth analysis of the chocolate spread market in Mexico.
This report provides an in-depth analysis of the chocolates with alcohol market in Mexico.
This report provides an in-depth analysis of the market for cocoa powder with sugar in Mexico.
This report provides an in-depth analysis of the market for cocoa for making beverages in Mexico.
As of June 2023, the price of chocolate and confectionery is $3,912 per ton (FOB, Mexico), which is roughly the same as the previous month.
This article discusses the import price and volume of chocolate and other food preparations containing cocoa in Mexico in December 2022. The average import price remained relatively flat, with the highest price coming from the United States. The total import volume decreased by 9% to 1.7K tons, and the United States was the main supplier of chocolate to Mexico, accounting for a 91% share of total imports. In value terms, the United States constituted the largest supplier of chocolate to Mexico, comprising 92% of total imports.
In 2013, Cocoa Powder With Sugar exports peaked at 88K tons, but from 2014 to 2023, they remained at a lower figure. In terms of value, exports dropped sharply to $1.5M in 2023.
In September 2023, Cocoa Powder With Sugar exports experienced a significant growth rate of 257% compared to the previous month. However, in November 2023, the value of these exports decreased notably to $171K.
In November 2022, the cereal, fruit or nut chocolate bar price stood at $1,873 per ton (FOB, Mexico), flattening at the previous month.
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The global chocolate and confectionery market reduced slightly to $236.6B in 2022, flattening at the previous year....
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