Mexico - Garlic - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGarlic Price in Mexico - 2023
Contents:
- Garlic Price in Mexico (CIF) - 2023
- Garlic Price in Mexico (FOB) - 2023
- Garlic Imports in Mexico
- Garlic Exports in Mexico
Garlic Price in Mexico (CIF) - 2023
In January 2023, the average garlic import price amounted to $1,816 per ton, declining by -4.8% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 118% against the previous month. As a result, import price attained the peak level of $4,384 per ton. From December 2022 to January 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In January 2023, the country with the highest price was Chile ($1,847 per ton), while the price for Peru stood at $1,666 per ton.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by the United States (+42.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Garlic Price in Mexico (FOB) - 2023
The average garlic export price stood at $2,146 per ton in June 2023, surging by 13% against the previous month. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in August 2022 an increase of 110% m-o-m. Over the period under review, the average export prices reached the peak figure at $3,130 per ton in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +5.3% per month.
Garlic Imports in Mexico
In 2022, purchases abroad of garlic decreased by -40.4% to 9.2K tons, falling for the second consecutive year after two years of growth. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year. As a result, imports attained the peak of 21K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, garlic imports dropped sharply to $18M in 2022. Overall, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 58%. As a result, imports reached the peak of $44M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Garlic in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 7.5 | 18.5 | 6.9 | 8.0 | 2.2% |
| Chile | 18.4 | 22.4 | 24.3 | 6.9 | -27.9% |
| United States | 1.9 | 3.1 | 1.3 | 2.3 | 6.6% |
| Argentina | N/A | N/A | 2.7 | 0.4 | -85.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 27.8 | 44.0 | 35.1 | 17.7 | -14.0% |
Top Suppliers of Garlic to Mexico in 2022:
- Peru (4.2K tons)
- Chile (3.2K tons)
- United States (1.7K tons)
- Argentina (0.2K tons)
Garlic Exports in Mexico
In 2022, approx. 21K tons of garlic were exported from Mexico; surging by 17% against the previous year's figure. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 116%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, garlic exports surged to $36M in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 39% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Garlic in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.4 | 22.6 | 28.3 | 36.2 | 30.2% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 16.4 | 22.8 | 28.3 | 36.2 | 30.2% |
Top Export Markets for Garlic from Mexico in 2022:
- United States (21.1K tons)
This report provides an in-depth analysis of the garlic 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 406 - Garlic
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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