Mexico: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Mexico

The Mexican seafood meals and pellets market expanded significantly to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2014 indices. Seafood meals and pellets consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Mexico

In value terms, seafood meals and pellets production fell modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Seafood meals and pellets production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Mexico

In 2022, shipments abroad of flours, meals and pellets of fish or of crustaceans and molluscs decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, seafood meals and pellets exports dropped markedly to $X in 2022. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for seafood meals and pellets exports from Mexico, accounting for a X% share of total exports. Moreover, seafood meals and pellets exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. Guatemala (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Guatemala (X% per year).

In value terms, China ($X) remains the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Guatemala (X% per year).

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price posted a notable expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Guatemala ($X per ton) and China ($X per ton), while the average price for exports to Japan ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Mexico

After two years of decline, supplies from abroad of flours, meals and pellets of fish or of crustaceans and molluscs increased by X% to X tons in 2022. Overall, imports, however, recorded a abrupt downturn. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, seafood meals and pellets imports surged to $X in 2022. In general, imports, however, continue to indicate a abrupt decline. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Chile (X tons) and Peru (X tons) were the main suppliers of seafood meals and pellets imports to Mexico.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%).

In value terms, Chile ($X) and Peru ($X) were the largest seafood meals and pellets suppliers to Mexico.

Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average seafood meals and pellets import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Chile amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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