Mexico - Fresh Bread and Miscellaneous Bakery - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Mexico - Fresh Bread and Miscellaneous Bakery - Market Analysis, Forecast, Size, Trends And Insights

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Price for Fresh Bread and Miscellaneous Bakery in Mexico - 2023

Contents:

  1. Price for Fresh Bread and Miscellaneous Bakery in Mexico (FOB) - 2023
  2. Price for Fresh Bread and Miscellaneous Bakery in Mexico (CIF) - 2023
  3. Exports of Fresh Bread and Miscellaneous Bakery in Mexico
  4. Imports of Fresh Bread and Miscellaneous Bakery in Mexico

Price for Fresh Bread and Miscellaneous Bakery in Mexico (FOB) - 2023

The average export price for fresh bread and miscellaneous bakery stood at $3,094 per ton in June 2023, which is down by -3.9% against the previous month. Over the period under review, the export price, however, saw a modest increase. The pace of growth appeared the most rapid in February 2023 an increase of 8.3% m-o-m. The export price peaked at $3,286 per ton in March 2023; however, from April 2023 to June 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In June 2023, the country with the highest price was Canada ($3,640 per ton), while the average price for exports to the United States totaled $3,076 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.0%).

Price for Fresh Bread and Miscellaneous Bakery in Mexico (CIF) - 2023

In June 2023, the average import price for fresh bread and miscellaneous bakery amounted to $3,732 per ton, surging by 2.9% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +5.8%. The most prominent rate of growth was recorded in July 2022 an increase of 77% against the previous month. Over the period under review, average import prices attained the peak figure at $3,887 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Canada ($4,439 per ton) and Spain ($4,152 per ton), while the price for Guatemala ($3,173 per ton) and the United States ($3,671 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fresh Bread and Miscellaneous Bakery in Mexico

For the fourth consecutive year, Mexico recorded growth in overseas shipments of fresh bread and miscellaneous bakery, which increased by 12% to 382K tons in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, fresh bread and miscellaneous bakery exports surged to $1.1B in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Fresh Bread and Miscellaneous Bakery in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5446147841,02923.7%
Canada19.120.916.421.64.2%
Others16.117.725.025.817.0%
Total5796538251,07723.0%

Top Export Markets for Fresh Bread and Miscellaneous Bakery from Mexico in 2022:

  1. United States (366.0K tons)
  2. Canada (6.2K tons)

Imports of Fresh Bread and Miscellaneous Bakery in Mexico

In 2022, approx. 78K tons of fresh bread and miscellaneous bakery were imported into Mexico; rising by 14% on the year before. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.8% 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 increased by +57.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, fresh bread and miscellaneous bakery imports skyrocketed to $237M in 2022. The total import value increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Fresh Bread and Miscellaneous Bakery in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States14914415719910.1%
Canada4.13.79.414.050.6%
Guatemala7.94.76.27.7-0.9%
Spain3.13.33.95.319.6%
Others10.89.611.011.52.1%
Total17516518823710.6%

Top Suppliers of Fresh Bread and Miscellaneous Bakery to Mexico in 2022:

  1. United States (68.4K tons)
  2. Canada (3.4K tons)
  3. Guatemala (3.0K tons)
  4. Spain (1.4K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for fresh bread and miscellaneous bakery 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 10711100 - Fresh bread containing by weight in the dry matter state . 5 % of sugars and . 5 % of fat (excluding with added honey, e ggs, cheese or fruit)
  • Prodcom 10711200 - Cake and pastry products, other bakers
  • Prodcom 10721910 - Matzos
  • Prodcom 10721920 - Communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products
  • Prodcom 10721940 - Biscuits (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa, sweet biscuits, waffles and wafers)
  • Prodcom 10721950 - Savoury or salted extruded or expanded products
  • Prodcom 10721990 - Bakersu2019 wares, no added sweetening (including crepes, pancakes, quiche, pizza; excluding sandwiches, crispbread, waffles, wafers, rusks, toasted, savoury or salted extruded/expanded products)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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