Mexico: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in Mexico

The Mexican dog and cat food market reduced to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Dog and cat food consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Production of Dog And Cat Food in Mexico

In value terms, dog and cat food production fell to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Exports of Dog And Cat Food

Exports from Mexico

After five years of growth, shipments abroad of dog and cat food decreased by X% to X tons in 2023. In general, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2022, and then contracted notably in the following year.

In value terms, dog and cat food exports contracted notably to $X in 2023. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2022, and then contracted sharply in the following year.

Exports by Country

Costa Rica (X tons), the United States (X tons) and El Salvador (X tons) were the main destinations of dog and cat food exports from Mexico, with a combined X% share of total exports. Panama, Guatemala, the Dominican Republic and Honduras lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Costa Rica ($X) and El Salvador ($X) appeared to be the largest markets for dog and cat food exported from Mexico worldwide, together comprising X% of total exports. Panama, Guatemala, the Dominican Republic and Honduras lagged somewhat behind, together accounting for a further X%.

The Dominican Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dog and cat food export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2023: its price 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, dog and cat food export price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dog And Cat Food

Imports into Mexico

In 2023, imports of dog and cat food into Mexico surged to X tons, jumping by X% on the year before. Overall, total imports indicated a strong increase from 2012 to 2023: its volume 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 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the near future.

In value terms, dog and cat food imports surged to $X in 2023. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, the United States (X tons) was the main dog and cat food supplier to Mexico, with a X% share of total imports. It was followed by France (X tons), with a X% share of total imports.

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

In value terms, the United States ($X) constituted the largest supplier of dog and cat food to Mexico, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports.

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

Import Prices by Country

In 2023, the average dog and cat food import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked in 2023 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States stood at $X per ton.

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

Source: IndexBox Platform