Mexico: Canned Pineapple Market 2024

Canned Pineapple Market Size in Mexico

The Mexican canned pineapple market totaled $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption recorded a relatively flat trend pattern. 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.

Canned Pineapple Production in Mexico

In value terms, canned pineapple production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, showed a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. Canned pineapple production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Canned Pineapple Exports

Exports from Mexico

Canned pineapple exports from Mexico shrank rapidly to X tons in 2022, with a decrease of -69.4% compared with the previous year. Over the period under review, exports recorded a precipitous contraction. The pace of growth was the most pronounced in 2016 with an increase of 275% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, canned pineapple exports shrank significantly to $X in 2022. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 444% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for canned pineapple exports from Mexico, with a 96% share of total exports. Moreover, canned pineapple exports to the United States exceeded the volume sent to the second major destination, Belize (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -22.9%.

In value terms, the United States ($X) remains the key foreign market for canned pineapples exports from Mexico, comprising 98% of total exports. The second position in the ranking was taken by Belize ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -18.4%.

Export Prices by Country

The average canned pineapple export price stood at $X per ton in 2022, with an increase of 57% against the previous year. In general, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 95% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Belize stood at $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 (+5.9%).

Canned Pineapple Imports

Imports into Mexico

In 2022, purchases abroad of canned pineapples decreased by -9.5% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 103%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, canned pineapple imports declined slightly to $X in 2022. Over the period under review, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2019 when imports increased by 102%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), the Philippines (X tons) and Indonesia (X tons) were the main suppliers of canned pineapple imports to Mexico, together comprising 97% of total imports. Vietnam and Guatemala lagged somewhat behind, together comprising a further 2.2%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +20.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), the Philippines ($X) and Indonesia ($X) appeared to be the largest canned pineapple suppliers to Mexico, with a combined 95% share of total imports. Vietnam and Guatemala lagged somewhat behind, together accounting for a further 2.6%.

Vietnam, with a CAGR of +25.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average canned pineapple import price stood at $X per ton in 2022, rising by 8.1% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned pineapple import price increased by +34.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 28%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Guatemala ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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