Mexico: Beef Market Overview 2020

Beef Market Size in Mexico

The revenue of the beef market in Mexico amounted to $X in 2017, increasing by X% against the previous year. In general, beef consumption continues to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. Mexico beef consumption peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Beef Production in Mexico

In 2017, approx. X tonnes of beef (cattle meat) were produced in Mexico; stabilizing at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Mexico beef production peaked in 2017, and is expected to retain its growth in the near future. Beef output in Mexico indicated a modest expansion, which was largely conditioned by a slight expansion of the producing animals and a modest growth in yield figures.

Average yield of beef (cattle meat) in Mexico amounted to X kg per head in 2017, declining by -X% against the previous year. In general, beef yield continues to indicate a mild increase. The growth pace was the most rapid in 2016, when yield increased by X% y-o-y. In that year, the beef yield reached their peak level of X kg per head, and then declined slightly in the following year.

In 2017, producing animals of beef (cattle meat) in Mexico totaled X head, lowering by -X% against the previous year. In general, beef producing animals continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when the number of producing animals increased by X% against the previous year. Mexico beef producing animals peaked of X heads in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Beef Exports from Mexico

In 2017, approx. X tonnes of beef (cattle meat) were exported from Mexico; jumping by X% against the previous year. In general, beef exports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2011, with an increase of X% against the previous year. Mexico exports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, beef exports totaled $X in 2017. Overall, beef exports continue to indicate an outstanding growth. Mexico exports peaked in 2017, and are likely to see steady growth in the near future.

Beef Exports by Country from Mexico

The exports of the four major exporters of beef (cattle meat), namely India, Brazil, Australia and the U.S., represented more than half of total export. The Netherlands (X tonnes), New Zealand (X tonnes), Poland (X tonnes), Ireland (X tonnes), Paraguay (X tonnes), Canada (X tonnes), Uruguay (X tonnes) and Argentina (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Australia ($X) and Brazil ($X) were the countries with the highest levels of exports in 2017, together accounting for X% of total exports. These countries were followed by India, the Netherlands, Ireland, New Zealand, Canada, Poland, Uruguay, Argentina, Paraguay and Mexico, which together accounted for a further X%.

Mexico (+X% per year) experienced the highest growth rate of exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Beef Export Prices by Country in Mexico

In 2017, the beef export price in Mexico amounted to $X per tonne, declining by -X% against the previous year. In general, beef export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014, when the export prices increased by X% against the previous year. Over the period under review, the export prices for beef (cattle meat) reached its maximum level of $X per tonne in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was the U.S. ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Beef Imports into Mexico

In 2017, approx. X tonnes of beef (cattle meat) were imported into Mexico; coming up by X% against the previous year. Overall, beef imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017, when it surged by X% year-to-year. Over the period under review, the beef imports attained its peak figure volume of X tonnes in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

In value terms, beef imports stood at $X in 2017. In general, beef imports continue to indicate a noticeable slump. Over the period under review, the beef imports reached its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Beef Imports by Country into Mexico

The imports of the twelve major importers of beef (cattle meat), namely the U.S., Viet Nam, China, Japan, China, Hong Kong SAR, Italy, South Korea, the Netherlands, Germany, Egypt, Russia and the UK, represented more than half of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets worldwide were the U.S. ($X), China ($X) and Japan ($X), together comprising X% of total imports. Viet Nam, South Korea, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, Russia, Egypt and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries , Viet Nam (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Beef Import Prices by Country in Mexico

In 2017, the beef import price in Mexico amounted to $X per tonne, coming down by -X% against the previous year. In general, the import price indicated a remarkable increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the beef import price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2014, an increase of X% against the previous year. Over the period under review, the import prices for beef (cattle meat) reached its maximum level of $X per tonne in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per tonne), while Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform