Mexico: Cream Fresh Market 2022

Cream Fresh Market Size in Mexico

In 2021, the Mexican cream fresh market decreased by -X% to $X, falling for the second year in a row after six years of growth. Over the period under review, consumption, however, showed strong growth. Cream fresh consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Cream Fresh Exports

Exports from Mexico

After two years of decline, overseas shipments of cream fresh increased by X% to X tonnes in 2021. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cream fresh exports surged to $X in 2021. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tonnes) and Belize (X tonnes) were the main destinations of cream fresh exports from Mexico.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belize (+X value terms, the United States ($X) remains the key foreign market for cream fresh exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Belize ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%.

Export Prices by Country

In 2021, the average cream fresh export price amounted to $X per tonne, declining by -X% against the previous year. In general, the export price continues to indicate a slight downturn. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per tonne in 2020, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per tonne), while the average price for exports to Belize totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%).

Cream Fresh Imports

Imports into Mexico

In 2021, the amount of cream fresh imported into Mexico skyrocketed to X tonnes, increasing by X% against the previous year. Overall, imports enjoyed significant growth. Over the period under review, imports hit record highs at X tonnes in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cream fresh imports skyrocketed to $X in 2021. In general, imports posted a resilient increase. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tonnes) was the main cream fresh supplier to Mexico, accounting for a X% share of total imports. It was followed by Malaysia (X tonnes), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +X%.

In value terms, the United States ($X) constituted the largest supplier of cream fresh to Mexico, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +X%.

Import Prices by Country

The average cream fresh import price stood at $X per tonne in 2021, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($X per tonne), while the price for the United States totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Source: IndexBox Platform