Mexico: Bread And Bakery Market 2024

Bread And Bakery Market Size in Mexico

The Mexican bread and bakery market shrank modestly to $X in 2023, which is down by X% against the previous year. In general, consumption, however, continues to indicate a mild contraction. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Bread And Bakery Production in Mexico

In value terms, bread and bakery production reduced to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Bread and bakery production peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Bread And Bakery Exports

Exports from Mexico

In 2023, the amount of bread and bakery exported from Mexico totaled X tons, surging by X% on the previous year. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in the immediate term.

In value terms, bread and bakery exports reached $X in 2023. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for bread and bakery exports from Mexico, accounting for a X% share of total exports. It was followed by Canada (X tons), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%.

In value terms, the United States ($X) remains the key foreign market for bread and bakery exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%).

Bread And Bakery Imports

Imports into Mexico

For the third consecutive year, Mexico recorded growth in overseas purchases of bread and bakery, which increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see gradual growth in the near future.

In value terms, bread and bakery imports surged to $X in 2023. Overall, total imports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the United States (X tons) constituted the largest bread and bakery supplier to Mexico, with a X% share of total imports. Moreover, bread and bakery imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), sixfold. The third position in this ranking was held by Guatemala (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Guatemala (X% per year).

In value terms, the United States ($X) constituted the largest supplier of bread and bakery to Mexico, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

From 2012 to 2023, 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: Canada (X% per year) and Guatemala (X% per year).

Import Prices by Country

In 2023, the average bread and bakery import price amounted to $X per ton, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform