Price for Cereal Flours; Other than of Wheat or Meslin in Mexico - 2023

Price for Cereal Flours; Other than of Wheat or Meslin in Mexico (FOB) - 2022

The average export price for cereal flours; other than of wheat or meslin stood at $662 per ton in 2022, surging by 2.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 53%. Over the period under review, the average export prices hit record highs at $861 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.4% per year.

Price for Cereal Flours; Other than of Wheat or Meslin in Mexico (CIF) - 2022

The average import price for cereal flours; other than of wheat or meslin stood at $714 per ton in 2022, with an increase of 3.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 an increase of 12% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($803 per ton), while the price for the United States totaled $702 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.6%).

Exports of Cereal Flours; Other than of Wheat or Meslin in Mexico

In 2022, approx. 230K tons of cereal flours; other than of wheat or meslin were exported from Mexico; surging by 18% on 2021 figures. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 76%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of cereal flours; other than of wheat or meslin soared to $153M in 2022. The total export value increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 29%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Cereal Flours; Other than of Wheat or Meslin in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	97.8	123	124	150	15.3%
Others	11.7	18.4	2.6	2.5	-40.2%
Total	109	141	127	153	12.0%

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Mexico in 2022:

United States (227.1K tons)

Imports of Cereal Flours; Other than of Wheat or Meslin in Mexico

In 2022, overseas purchases of cereal flours; other than of wheat or meslin decreased by -8.5% to 17K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 1.1%. As a result, imports attained the peak of 24K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cereal flours; other than of wheat or meslin dropped to $12M in 2022. In general, imports recorded a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 2.2%. As a result, imports attained the peak of $16M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.