Mexico - Cassava - Market Analysis, Forecast, Size, Trends and Insights

Mexico: Cassava Market Overview 2019

Cassava Market Size in Mexico

The revenue of the cassava market in Mexico amounted to $X in 2018, shrinking by -X% against the previous year. Overall, cassava consumption continues to indicate a measured expansion. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. In that year, the cassava market attained its peak level of $X. From 2014 to 2018, the growth of the cassava market remained at a lower figure.

Cassava Production in Mexico

In value terms, cassava production totaled $X in 2018 estimated in export prices. Overall, cassava production continues to indicate pronounced growth. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. In that year, cassava production attained its peak level of $X. From 2014 to 2018, cassava production growth remained at a lower figure.

Average yield of cassava in Mexico stood at X tonne per ha in 2018, remaining stable against the previous year. In general, the cassava yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. In that year, the average cassava yield reached its peak level of X tonne per ha. From 2014 to 2018, the growth of the average cassava yield remained 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.

Cassava harvested area in Mexico amounted to X ha in 2018, growing by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2009 when harvested area increased by X% y-o-y. Cassava harvested area peaked at X ha in 2015; however, from 2016 to 2018, harvested area remained at a lower figure.

Cassava Exports

Exports from Mexico

In 2018, approx. X tonnes of cassava were exported from Mexico; waning by -X% against the previous year. Over the period under review, cassava exports continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. In that year, cassava exports reached their peak of X tonnes. From 2017 to 2018, the growth of cassava exports remained at a lower figure.

In value terms, cassava exports amounted to $X in 2018. In general, cassava exports continue to indicate a deep deduction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. In that year, cassava exports attained their peak of $X. From 2017 to 2018, the growth of cassava exports remained at a lower figure.

Exports by Country

The U.S. (X tonnes), Hungary (X tonnes) and Canada (X tonnes) were the main destinations of cassava exports from Mexico, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the U.S., while the other leaders experienced mixed trend patterns.

In value terms, the U.S. ($X), Canada ($X) and Spain ($X) were the largest markets for cassava exported from Mexico worldwide, with a combined X% share of total exports.

The U.S. experienced the highest growth rate of exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2018, the average cassava export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the cassava export price, however, continues to indicate a slight increase. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for cassava attained their peak figure at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Spain ($X per tonne), while the average price for exports to Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced mixed trend patterns.

Cassava Imports

Imports into Mexico

Cassava imports into Mexico amounted to X tonnes in 2018, lowering by -X% against the previous year. Over the period under review, cassava imports continue to indicate a deep drop. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, cassava imports totaled $X in 2018. In general, cassava imports continue to indicate measured growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. In that year, cassava imports attained their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X tonnes) was the main supplier of cassava to Mexico, with a approx. X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of volume from the U.S. stood at -X%.

In value terms, the U.S. ($X) constituted the largest supplier of cassava to Mexico.

From 2007 to 2018, the average annual rate of growth in terms of value from the U.S. amounted to +X%.

Import Prices by Country

In 2018, the average cassava import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the cassava import price continues to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for cassava attained their peak figure in 2018 and is likely to see steady growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2018, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox AI Platform