Mexico - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Mexico - 2023
Contents:
- Palm Oil Price in Mexico (CIF) - 2023
- Palm Oil Price in Mexico (FOB) - 2023
- Palm Oil Imports in Mexico
- Palm Oil Exports in Mexico
Palm Oil Price in Mexico (CIF) - 2023
In August 2023, the average palm oil import price amounted to $1,011 per ton, reducing by -5.2% against the previous month. Over the period under review, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 6.3% against the previous month. As a result, import price reached the peak level of $1,359 per ton. From November 2022 to August 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Guatemala.
From August 2022 to August 2023, the rate of growth in terms of prices for Honduras amounted to 0.0% per month.
Palm Oil Price in Mexico (FOB) - 2023
In August 2023, the average palm oil export price amounted to $1,614 per ton, reducing by -3.1% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 28% month-to-month. The export price peaked at $2,060 per ton in September 2022; however, from October 2022 to August 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In August 2023, the country with the highest price was the United States ($1,840 per ton), while the average price for exports to Guatemala totaled $1,431 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.6%).
Palm Oil Imports in Mexico
In 2022, supplies from abroad of palm oil decreased by -17.3% to 210K tons, falling for the second year in a row after two years of growth. Overall, imports faced a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 23%. As a result, imports attained the peak of 449K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, palm oil imports soared to $289M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year. As a result, imports attained the peak of $340M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Palm Oil in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 90.2 | 67.4 | 99.5 | 141 | 16.1% |
| Indonesia | N/A | 51.7 | 48.8 | 57.4 | 5.4% |
| Nicaragua | N/A | 26.0 | 15.6 | 24.3 | -3.3% |
| Honduras | N/A | 14.7 | N/A | 19.0 | 13.7% |
| Colombia | 47.8 | 57.7 | 4.1 | 15.8 | -30.9% |
| Peru | N/A | N/A | N/A | 14.4 | 0% |
| Ecuador | N/A | N/A | N/A | 10.3 | 0% |
| Malaysia | 12.1 | 17.3 | 8.2 | 6.3 | -19.6% |
| Costa Rica | 66.4 | 105 | 43.3 | N/A | -19.2% |
| Others | 2.4 | 0.5 | 10.0 | 0.2 | -56.3% |
| Total | 219 | 340 | 229 | 289 | 9.7% |
Top Suppliers of Palm Oil to Mexico in 2022:
- Guatemala (103.2K tons)
- Indonesia (38.3K tons)
- Nicaragua (19.5K tons)
- Honduras (14.5K tons)
- Colombia (12.4K tons)
- Peru (10.6K tons)
- Ecuador (7.9K tons)
- Malaysia (4.0K tons)
Palm Oil Exports in Mexico
In 2022, palm oil exports from Mexico surged to 3.1K tons, jumping by 242% compared with the year before. Over the period under review, exports, however, continue to indicate a precipitous descent.
In value terms, palm oil exports skyrocketed to $6.3M in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Palm Oil in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 4.2 | 1.0 | 6.3 | 22.5% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 4.2 | 1.0 | 6.3 | 22.5% | |
Top Export Markets for Palm Oil from Mexico in 2022:
- United States (3.1K tons)
This report provides an in-depth analysis of the palm oil 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 257 - Oil of palm
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.
-
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
-
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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