Mexico - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Whole Fish Price in Mexico - 2023
Contents:
- Frozen Whole Fish Price in Mexico (FOB) - 2022
- Frozen Whole Fish Price in Mexico (CIF) - 2023
- Frozen Whole Fish Exports in Mexico
- Frozen Whole Fish Imports in Mexico
Frozen Whole Fish Price in Mexico (FOB) - 2022
In 2022, the average frozen whole fish export price amounted to $18,578 per ton, increasing by 2% against the previous year. Overall, the export price showed strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 133% against the previous year. The export price peaked at $36,534 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($23,888 per ton), while the average price for exports to Guinea ($773 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 Italy (+43.3%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Whole Fish Price in Mexico (CIF) - 2023
In June 2023, the average frozen whole fish import price amounted to $1,732 per ton, dropping by -93.2% against the previous month. Over the period under review, the import price showed a sharp setback. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 3,798% month-to-month. As a result, import price reached the peak level of $83,828 per ton. From September 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Vietnam ($1,750 per ton), while the price for China amounted to $1,729 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-1.7%).
Frozen Whole Fish Exports in Mexico
For the third consecutive year, Mexico recorded decline in shipments abroad of frozen whole fish, which decreased by -19.2% to 3K tons in 2022. Over the period under review, exports showed a deep contraction. The smallest decline of -6.2% was in 2021.
In value terms, frozen whole fish exports fell remarkably to $56M in 2022. Overall, exports faced a abrupt downturn.
| Export of Frozen Whole Fish in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 15.5 | 10.4 | 11.8 | 18.8 | 6.6% |
| United States | 18.1 | 19.1 | 20.3 | 18.0 | -0.2% |
| Spain | 52.8 | 36.9 | 26.3 | 7.5 | -47.8% |
| Cote d'Ivoire | N/A | 2.4 | 1.8 | 2.7 | 6.1% |
| Thailand | 1.6 | 1.8 | 0.9 | 2.6 | 17.6% |
| Malaysia | 1.7 | 4.1 | 1.4 | 1.3 | -8.6% |
| China | 8.1 | 2.4 | 0.6 | 0.8 | -53.8% |
| Guinea | N/A | N/A | N/A | 0.3 | 0% |
| Others | 7.2 | 8.4 | 4.3 | 3.5 | -21.4% |
| Total | 105 | 85.6 | 67.4 | 55.5 | -19.1% |
Top Export Markets for Frozen Whole Fish from Mexico in 2022:
- South Korea (947.1 tons)
- United States (787.8 tons)
- Guinea (344.3 tons)
- Spain (327.3 tons)
- Cote d'Ivoire (171.8 tons)
- Thailand (114.0 tons)
- Malaysia (57.2 tons)
- China (31.5 tons)
Frozen Whole Fish Imports in Mexico
Frozen whole fish imports into Mexico expanded markedly to 31K tons in 2022, surging by 13% against 2021. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen whole fish imports rose markedly to $75M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Whole Fish in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.0 | 32.8 | 30.0 | 35.2 | 52.1% |
| China | 23.5 | 19.8 | 28.0 | 29.9 | 8.4% |
| Vietnam | 4.2 | 2.9 | 4.5 | 6.4 | 15.1% |
| Chile | 4.3 | 3.7 | 2.8 | 2.4 | -17.7% |
| Canada | 1.8 | 2.0 | 0.8 | 0.9 | -20.6% |
| Spain | 18.1 | 7.9 | N/A | 0.1 | -82.3% |
| Others | 8.4 | 0.4 | N/A | 0.3 | -67.1% |
| Total | 70.1 | 69.5 | 66.2 | 75.3 | 2.4% |
Top Suppliers of Frozen Whole Fish to Mexico in 2022:
- Spain (undefinedK tons)
- United States (13.8K tons)
- China (11.4K tons)
- Vietnam (3.9K tons)
- Chile (1.0K tons)
- Canada (0.3K tons)
This report provides an in-depth analysis of the frozen whole fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
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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