Mexico: Candied Fruit Market Overview 2021

Candied Fruit Market Size in Mexico

For the fifth year in a row, the Mexican candied fruit market recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption saw a deep setback. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2011 to 2020, the growth of the market failed to regain the momentum.

Candied Fruit Production in Mexico

In value terms, candied fruit production contracted rapidly to $X in 2020 estimated in export prices. In general, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, production attained the peak level of $X. from 2009 to 2020, production growth failed to regain the momentum.

In 2020, the average candied fruit yield in Mexico amounted to X kg per ha, flattening at 2019. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The candied fruit harvested area in Mexico was estimated at X ha in 2020, approximately equating the year before. Overall, the harvested area saw a relatively flat trend pattern.

Candied Fruit Exports

Exports from Mexico

In 2020, shipments abroad of candied fruits increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, candied fruit exports declined to $X in 2020. Over the period under review, total exports indicated prominent growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for candied fruit exports from Mexico, accounting for a X% share of total exports. It was followed by El Salvador (X tonnes), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the U.S. amounted to +X%.

In value terms, the U.S. ($X) remains the key foreign market for candied fruit exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by El Salvador ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled +X%.

Export Prices by Country

The average candied fruit export price stood at $X per tonne in 2020, reducing by -X% against the previous year. In general, export price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, candied fruit export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to El Salvador amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Candied Fruit Imports

Imports into Mexico

In 2020, overseas purchases of candied fruits decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, candied fruit imports fell markedly to $X in 2020. Over the period under review, imports recorded a perceptible increase. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

China (X tonnes), Thailand (X tonnes) and the U.S. (X tonnes) were the main suppliers of candied fruit imports to Mexico, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), China ($X) and the U.S. ($X) were the largest candied fruit suppliers to Mexico, with a combined X% share of total imports.

Among the main suppliers, Thailand saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average candied fruit import price amounted to $X per tonne, remaining relatively unchanged against the previous year. Overall, import price indicated strong growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, candied fruit import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Thailand ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform