Mexico - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Palm Oil Price in Mexico - 2023
Contents:
- Refined Palm Oil Price in Mexico (CIF) - 2023
- Refined Palm Oil Price in Mexico (FOB) - 2023
- Refined Palm Oil Imports in Mexico
- Refined Palm Oil Exports in Mexico
Refined Palm Oil Price in Mexico (CIF) - 2023
In August 2023, the average refined palm oil import price amounted to $1,263 per ton, dropping by -3.5% against the previous month. In general, the import price continues to indicate a perceptible curtailment. The growth pace was the most rapid in July 2023 when the average import price increased by 14% month-to-month. The import price peaked at $1,823 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($1,777 per ton), while the price for Guatemala ($1,183 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Costa Rica (0.0%), while the prices for the other major suppliers experienced a decline.
Refined Palm Oil Price in Mexico (FOB) - 2023
The average refined palm oil export price stood at $1,614 per ton in August 2023, shrinking by -3.1% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 28% month-to-month. Over the period under review, the average export prices reached the maximum at $2,060 per ton in September 2022; however, from October 2022 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external 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 stood at $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%).
Refined Palm Oil Imports in Mexico
In 2022, supplies from abroad of refined palm oil decreased by -10.8% to 47K tons, falling for the second consecutive year after two years of growth. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 202% against the previous year. As a result, imports attained the peak of 73K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, refined palm oil imports soared to $71M in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 238%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Refined Palm Oil in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | 51.7 | 48.8 | 57.4 | 5.4% |
| Guatemala | 0.7 | 1.2 | 2.4 | 7.0 | 115.4% |
| Malaysia | 12.1 | 6.2 | 8.2 | 6.3 | -19.6% |
| Costa Rica | 3.5 | 3.9 | N/A | N/A | 11.4% |
| Others | 3.4 | 3.9 | 0.6 | 0.2 | -61.1% |
| Total | 19.8 | 66.8 | 60.0 | 70.9 | 53.0% |
Top Suppliers of Refined Palm Oil to Mexico in 2022:
- Indonesia (38.3K tons)
- Guatemala (4.8K tons)
- Malaysia (4.0K tons)
Refined Palm Oil Exports in Mexico
In 2022, refined palm oil exports from Mexico soared to 3.1K tons, jumping by 242% compared with 2021 figures. Overall, exports, however, saw a dramatic decline.
In value terms, refined palm oil exports surged to $6.3M in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Refined 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 Refined Palm Oil from Mexico in 2022:
- United States (3.1K tons)
This report provides an in-depth analysis of the refined 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:
- Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)
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
-
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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