Mexico: Grain Market Overview 2020

Grain Market Size in Mexico

The revenue of the grain market in Mexico amounted to $X in 2017, picking up by X% against the previous year. In general, the total market indicated a notable expansion from 2007 to 2017: its value 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 grain consumption decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. Over the period under review, the grain market reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Grain Production in Mexico

In 2017, approx. X tonnes of grain were produced in Mexico; stabilizing at the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2012, with an increase of X% year-to-year. Mexico grain production peaked in 2017, and is expected to retain its growth in the near future. Grain output in Mexico indicated a slight growth, which was largely conditioned by a slight increase of the harvested area and a mild growth in yield figures.

Average yield of grain in Mexico amounted to X tonne per ha in 2017, remaining constant against the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. Over the period under review, the grain yield reached its peak figure level in 2017, and is likely to continue its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, grain harvested area in Mexico totaled X ha, flattening at the previous year. Overall, grain harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012, when harvested area increased by X% y-o-y. Mexico grain harvested area peaked of X ha in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Grain Exports from Mexico

In 2017, approx. X tonnes of grain were exported from Mexico; shrinking by -X% against the previous year. Overall, grain exports continue to indicate a strong growth. The pace of growth appeared the most rapid in 2014, with an increase of X% y-o-y. Mexico exports peaked of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, grain exports totaled $X in 2017. Overall, grain exports continue to indicate a strong growth. In that year, the grain exports attained their peak level of $X, and then declined slightly in the following year.

Grain Exports by Country from Mexico

In 2017, the U.S. (X tonnes), distantly followed by Russia (X tonnes), Argentina (X tonnes), Ukraine (X tonnes), Australia (X tonnes), Brazil (X tonnes), Canada (X tonnes) and France (X tonnes) were the main exporters of grain, together making up X% of total exports. The following exporters - Romania (X tonnes), Germany (X tonnes) and Hungary (X tonnes) together made up X% of total exports.

The U.S. experienced a relatively flat trend pattern of grain exports. At the same time, Romania (+X%), Ukraine (+X%), Russia (+X%), Brazil (+X%), Australia (+X%), Argentina (+X%), Germany (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Hungary and France experienced a relatively flat trend pattern. From 2007 to 2017, the share of Romania, Australia, Argentina, Brazil, Ukraine and Russia decreased by -X%, -X%, -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest grain supplier from Mexico, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in the U.S. amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Argentina (+X% per year).

Grain Export Prices by Country in Mexico

The grain export price in Mexico stood at $X per tonne in 2017, picking up by X% against the previous year. Overall, the export price indicated a strong 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 grain export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016, when the export prices increased by X% against the previous year. Mexico export price peaked in 2017, and is expected to retain its growth in the near future.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Canada ($X per tonne) and France ($X per tonne), while Argentina ($X per tonne) and Russia ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Australia (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Grain Imports into Mexico

Grain imports into Mexico amounted to X tonnes in 2017, surging by X% against the previous year. In general, the total imports indicated a strong increase from 2007 to 2017: its volume 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 grain imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. Over the period under review, the grain imports attained its maximum volume in 2017, and are expected to retain its growth in the near future.

In value terms, grain imports totaled $X in 2017. In general, the total imports indicated a pronounced increase from 2007 to 2017: its value 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 grain imports increased by +X% against 2015 indices. In that year, the grain imports attained their peak level of $X. From 2012 to 2017, growth of the grain imports failed to regain its momentum.

Grain Imports by Country into Mexico

The imports of the twelve major importers of grain, namely Japan, Mexico, China, Egypt, Spain, Italy, Saudi Arabia, Viet Nam, Algeria, the Netherlands, Indonesia and South Korea, represented more than third 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 grain markets worldwide were Japan ($X), China ($X) and Egypt ($X), with a combined X% share of total imports. Mexico, Indonesia, Spain, Italy, South Korea, Algeria, the Netherlands, Saudi Arabia and Viet Nam lagged somewhat behind, together comprising a further X%.

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

Grain Import Prices by Country in Mexico

The grain import price in Mexico stood at $X per tonne in 2017, approximately reflecting the previous year. In general, grain import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. Over the period under review, the import prices for grain reached its peak figure level of $X per tonne in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Indonesia ($X per tonne), while Viet Nam ($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 China (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform