Mexico: Preserved Beef Market 2024

Preserved Beef Market Size in Mexico

The Mexican preserved beef market contracted to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a mild expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Preserved Beef Production in Mexico

In value terms, preserved beef production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Preserved Beef Exports

Exports from Mexico

For the third consecutive year, Mexico recorded growth in shipments abroad of beef and veal (salted, in brine, dried or smoked), which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved beef exports skyrocketed to $X in 2022. Overall, exports showed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR (X tons) was the main destination for preserved beef exports from Mexico, with a X% share of total exports. Moreover, preserved beef exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled X%.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for beef and veal (salted, in brine, dried or smoked) exports from Mexico, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at X%.

Export Prices by Country

In 2022, the average preserved beef export price amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a deep downturn. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hong Kong SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Preserved Beef Imports

Imports into Mexico

For the sixth year in a row, Mexico recorded decline in supplies from abroad of beef and veal (salted, in brine, dried or smoked), which decreased by X% to X kg in 2022. Over the period under review, imports showed a precipitous descent. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, preserved beef imports declined sharply to $X in 2022. Overall, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) was the main preserved beef supplier to Mexico, accounting for a X% share of total imports. It was followed by New Zealand (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) constituted the largest supplier of beef and veal (salted, in brine, dried or smoked) to Mexico, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average preserved beef import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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