Mexico - Sauces and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSauce and Seasoning Price in Mexico - 2023
Contents:
- Sauce and Seasoning Price in Mexico (FOB) - 2023
- Sauce and Seasoning Price in Mexico (CIF) - 2023
- Sauce and Seasoning Exports in Mexico
- Sauce and Seasoning Imports in Mexico
Sauce and Seasoning Price in Mexico (FOB) - 2023
In June 2023, the average sauce and seasoning export price amounted to $2,476 per ton, shrinking by -2.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.2%. The growth pace was the most rapid in July 2022 an increase of 61% month-to-month. The export price peaked at $2,699 per ton in April 2023; however, from May 2023 to June 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +4.6% per month.
Sauce and Seasoning Price in Mexico (CIF) - 2023
The average sauce and seasoning import price stood at $1,327 per ton in June 2023, reducing by -56.8% against the previous month. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in September 2022 an increase of 8.8% month-to-month. Over the period under review, average import prices hit record highs at $3,263 per ton in February 2023; however, from March 2023 to June 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was China ($1,695 per ton), while the price for the United States stood at $1,274 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+2.5%).
Sauce and Seasoning Exports in Mexico
In 2022, the amount of sauces and seasonings exported from Mexico totaled 208K tons, rising by 2.3% compared with 2021 figures. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.6% 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 +66.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 44%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, sauce and seasoning exports soared to $469M in 2022. The total export value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sauce and Seasoning in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 302 | 326 | 332 | 419 | 11.5% |
| Colombia | 9.2 | 8.9 | 8.6 | 8.8 | -1.5% |
| Guatemala | N/A | 28.8 | 6.8 | N/A | -76.4% |
| Others | 42.5 | 29.0 | 36.7 | 41.3 | -1.0% |
| Total | 353 | 392 | 384 | 469 | 9.9% |
Top Export Markets for Sauce and Seasoning from Mexico in 2022:
- United States (192.8K tons)
- Colombia (2.1K tons)
Sauce and Seasoning Imports in Mexico
In 2022, approx. 149K tons of sauces and seasonings were imported into Mexico; growing by 1.8% compared with the previous year. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, sauce and seasoning imports skyrocketed to $435M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sauce and Seasoning in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 280 | 261 | 319 | 406 | 13.2% |
| China | 3.3 | 2.8 | 4.6 | 5.8 | 20.7% |
| Others | 20.9 | 24.4 | 20.5 | 23.2 | 3.5% |
| Total | 304 | 289 | 344 | 435 | 12.7% |
Top Suppliers of Sauce and Seasoning to Mexico in 2022:
- United States (140.0K tons)
- China (4.2K tons)
This report provides an in-depth analysis of the sauce and seasoning 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 10841210 - Soya sauce
- Prodcom 10841230 - Tomato ketchup and other tomato sauces
- Prodcom 10841253 - Mustard flour and meal
- Prodcom 10841255 - Prepared mustard
- Prodcom 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)
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 March 2023, the growth rate of Sauce and Seasoning exports was the highest, showing a 20% increase compared to the previous month. The total value of these exports reached $45M in June 2023.
297
In June 2023, the price of Tomato Ketchup was $1,582 per ton (CIF, Mexico), decreasing by -1.8% compared to the previous month.
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In June 2023, the imports of Prepared Mustard reached a peak of 464 tons, but experienced a significant reduction in the following month. In terms of value, the imports declined greatly, totaling $1.1M.
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In March 2023, the growth rate of Sauce and Seasoning exports was the highest, showing a 20% increase compared to the previous month. The total value of these exports reached $45M in June 2023.
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In June 2023, the price of Tomato Ketchup was $1,582 per ton (CIF, Mexico), decreasing by -1.8% compared to the previous month.
