Mexico - Tomato Ketchup And Tomato Sauces - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTomato Ketchup Price in Mexico - 2023
Contents:
- Tomato Ketchup Price in Mexico (CIF) - 2023
- Tomato Ketchup Price in Mexico (FOB) - 2023
- Tomato Ketchup Imports in Mexico
- Tomato Ketchup Exports in Mexico
Tomato Ketchup Price in Mexico (CIF) - 2023
In August 2023, the average tomato ketchup import price amounted to $1,664 per ton, growing by 2.1% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 11% m-o-m. As a result, import price reached the peak level of $1,764 per ton. From March 2023 to August 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +0.6% per month.
Tomato Ketchup Price in Mexico (FOB) - 2023
In August 2023, the average tomato ketchup export price amounted to $1,915 per ton, standing approximately at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in April 2023 an increase of 20% m-o-m. As a result, the export price attained the peak level of $2,091 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In August 2023, the country with the highest price was the United States ($1,991 per ton), while the average price for exports to the Dominican Republic ($1,501 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Tomato Ketchup Imports in Mexico
In 2022, tomato ketchup imports into Mexico contracted modestly to 46K tons, flattening at the year before. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of 46K tons, leveling off in the following year.
In value terms, tomato ketchup imports surged to $62M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tomato Ketchup in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 46.6 | 44.2 | 48.5 | 59.9 | 8.7% |
| Italy | 1.3 | 1.2 | 1.6 | 1.5 | 4.9% |
| Others | 0.5 | 0.7 | 0.4 | 0.5 | 0.0% |
| Total | 48.4 | 46.1 | 50.5 | 61.9 | 8.5% |
Top Suppliers of Tomato Ketchup to Mexico in 2022:
- United States (45.1K tons)
- Italy (0.5K tons)
Tomato Ketchup Exports in Mexico
In 2022, the amount of tomato ketchup and tomato sauces exported from Mexico rose rapidly to 7.2K tons, with an increase of 11% against the previous year's figure. Over the period under review, exports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 26%. As a result, the exports reached the peak of 13K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, tomato ketchup exports skyrocketed to $12M in 2022. Overall, exports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2020 with an increase of 38%. As a result, the exports attained the peak of $19M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Tomato Ketchup in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.1 | 15.5 | 7.7 | 10.2 | -2.8% |
| Cuba | N/A | N/A | 0.4 | 0.9 | 125.0% |
| Belize | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Chile | 1.2 | 1.8 | 0.3 | N/A | -50.0% |
| Others | 1.1 | 1.1 | 0.2 | 0.5 | -23.1% |
| Total | 13.5 | 18.6 | 8.7 | 11.7 | -4.7% |
Top Export Markets for Tomato Ketchup from Mexico in 2022:
- United States (6.2K tons)
- Cuba (0.7K tons)
- Belize (0.1K tons)
This report provides an in-depth analysis of the tomato ketchup 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 10841230 - Tomato ketchup and other tomato sauces
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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