Spices; Mixtures Price in Mexico - 2023
Contents:
- Spices; Mixtures Price in Mexico (CIF) - 2022
- Spices; Mixtures Price in Mexico (FOB) - 2022
- Spices; Mixtures Imports in Mexico
- Spices; Mixtures Exports in Mexico
Spices; Mixtures Price in Mexico (CIF) - 2022
The average spices; mixtures import price stood at $8,142 per ton in 2022, picking up by 1.7% against the previous year. Over the period under review, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 66% against the previous year. As a result, import price reached the peak level of $14,999 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($8,200 per ton), while the price for China stood at $3,316 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Mixtures Price in Mexico (FOB) - 2022
The average spices; mixtures export price stood at $15,959 per ton in 2022, increasing by 171% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 +14.8% per year.
Spices; Mixtures Imports in Mexico
In 2022, imports of spices; mixtureses into Mexico skyrocketed to 57 tons, picking up by 49% compared with the previous year's figure. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.4% 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 +71.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; mixtures imports skyrocketed to $466K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.3% 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 +72.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Mixtures in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 238 | 171 | 270 | 464 | 24.9% |
| China | 7.6 | 11.2 | N/A | 2.3 | -32.9% |
| Spain | 110 | 88.2 | 38.3 | N/A | -41.0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 356 | 270 | 308 | 466 | 9.4% |
Top Suppliers of Spices; Mixtures to Mexico in 2022:
- United States (56.5 tons)
- China (0.7 tons)
Spices; Mixtures Exports in Mexico
In 2022, overseas shipments of spices; mixtureses decreased by -85% to 3.3 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 35%. As a result, the exports attained the peak of 139 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; mixtures exports dropped significantly to $52K in 2022. Over the period under review, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 23%. As a result, the exports reached the peak of $563K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Mixtures in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 172 | 188 | 2.5 | 52.1 | -32.8% |
| Jordan | 183 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | 311 | 19.2 | N/A | -93.8% |
| Canada | 16.3 | 22.1 | 29.3 | N/A | 34.1% |
| Others | 85.8 | 40.8 | 77.5 | N/A | -5.0% |
| Total | 458 | 563 | 129 | 52.1 | -51.5% |
Top Export Markets for Spices; Mixtures from Mexico in 2022:
- United States (3.3 tons)
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