Mexico: Barley Market 2024

Barley Market Size in Mexico

The Mexican barley market rose to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Barley consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Barley Production in Mexico

In value terms, barley production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The average yield of barley in Mexico declined slightly to X tons per ha in 2022, remaining relatively unchanged against 2021. Overall, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The barley yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of barley production in Mexico contracted to X ha, which is down by X% on 2021. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The barley harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

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Barley Exports

Exports from Mexico

For the third year in a row, Mexico recorded growth in shipments abroad of barley, which increased by X% to X tons in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, barley exports surged to $X in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for barley exports from Mexico, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) also remains the key foreign market for barley exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

In 2022, the average barley export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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 X% per year.

Barley Imports

Imports into Mexico

In 2022, purchases abroad of barley decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, barley imports amounted to $X in 2022. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of barley to Mexico, with a X% share of total imports. Moreover, barley imports from Australia exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Canada (X% per year).

In value terms, Australia ($X) constituted the largest supplier of barley to Mexico, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Canada (X% per year).

Import Prices by Country

The average barley import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, 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 France ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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