Mexico - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Sardines Price in Mexico - 2023
Contents:
- Preserved Sardines Price in Mexico (CIF) - 2023
- Preserved Sardines Price in Mexico (FOB) - 2022
- Preserved Sardines Imports in Mexico
- Preserved Sardines Exports in Mexico
Preserved Sardines Price in Mexico (CIF) - 2023
In June 2023, the average preserved sardines import price amounted to $2,260 per ton, with an increase of 4.3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 384% against the previous month. As a result, import price reached the peak level of $10,760 per ton. From September 2022 to June 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Ecuador.
From June 2022 to June 2023, the rate of growth in terms of prices for Ecuador amounted to +0.2% per month.
Preserved Sardines Price in Mexico (FOB) - 2022
The average preserved sardines export price stood at $3,087 per ton in 2022, jumping by 32% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved sardines export price decreased by -31.4% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 39%. Over the period under review, the average export prices attained the maximum at $4,501 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($3,947 per ton), while the average price for exports to the United States ($2,712 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 Honduras (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Sardines Imports in Mexico
Preserved sardines imports into Mexico skyrocketed to 7.6K tons in 2022, growing by 63% on 2021. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved sardines imports surged to $17M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable 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 Preserved Sardines in Mexico (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 9.8 | 14.6 | 8.6 | 16.0 | 17.8% |
Others | 0.8 | 1.0 | 0.8 | 0.5 | -14.5% |
Total | 10.5 | 15.5 | 9.4 | 16.5 | 16.3% |
Top Suppliers of Preserved Sardines to Mexico in 2022:
- Ecuador (7.5K tons)
Preserved Sardines Exports in Mexico
In 2022, approx. 187 tons of sardines (prepared or preserved) were exported from Mexico; rising by 507% on the previous year. Overall, exports enjoyed resilient growth.
In value terms, preserved sardines exports surged to $577K in 2022. Over the period under review, exports showed temperate growth.
Export of Preserved Sardines in Mexico (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 510 | 1,249 | 72.1 | 351 | -11.7% |
Cuba | N/A | 0.1 | N/A | 217 | 4558.3% |
Others | 31.5 | 6.7 | N/A | 8.3 | -35.9% |
Total | 541 | 1,256 | 72.1 | 577 | 2.2% |
Top Export Markets for Preserved Sardines from Mexico in 2022:
- United States (129.6 tons)
- Cuba (55.0 tons)
This report provides an in-depth analysis of the preserved sardines 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 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)
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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In September 2022, the growth rate of preserved sardines was exceptionally high, experiencing a remarkable increase of 16,968% compared to the previous month. The value of imported preserved sardines also witnessed a significant surge, reaching $1.3M by June 2023.
In August 2023, imports of Preserved Anchovies reached a peak of 9.2 tons before experiencing a sharp decline. The value of these imports notably decreased to $105K.
In May 2023, the growth rate was at its highest as exports surged by 61% compared to the previous month. However, in June 2023, the value of preserved tuna exports declined significantly to $4.4M.
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In September 2022, the growth rate of preserved sardines was exceptionally high, experiencing a remarkable increase of 16,968% compared to the previous month. The value of imported preserved sardines also witnessed a significant surge, reaching $1.3M by June 2023.
In August 2023, imports of Preserved Anchovies reached a peak of 9.2 tons before experiencing a sharp decline. The value of these imports notably decreased to $105K.
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