Mexico: Candied Fruit Market 2022

Candied Fruit Market Size in Mexico

The Mexican candied fruit market contracted rapidly to $X in 2021, with a decrease of -X% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. Candied fruit consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Candied Fruit Production in Mexico

In value terms, candied fruit production rose significantly to $X in 2021 estimated in export price. In general, production, however, showed a deep contraction. Candied fruit production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average candied fruit yield in Mexico totaled less than X kg per ha, standing approx. at the year before. Over the period under review, the yield recorded 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 totaled less than X ha in 2021, flattening at 2020. In general, the harvested area showed a relatively flat trend pattern.

Candied Fruit Exports

Exports from Mexico

In 2021, shipments abroad of candied fruits increased by X% to X tons, rising for the seventh year in a row after two years of decline. In general, exports recorded a temperate expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, candied fruit exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2013 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for candied fruit exports from Mexico, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +X%.

In value terms, the United States ($X) also remains the key foreign market for candied fruit exports from Mexico.

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

Export Prices by Country

The average candied fruit export price stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +X% per year.

Candied Fruit Imports

Imports into Mexico

In 2021, purchases abroad of candied fruits decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, candied fruit imports fell rapidly to $X in 2021. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest candied fruit supplier to Mexico, accounting for a X% share of total imports. Moreover, candied fruit imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%.

In value terms, the largest candied fruit suppliers to Mexico were China ($X) and the United States ($X United States, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average candied fruit import price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the import price showed a mild descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

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

Source: IndexBox Market Intelligence Platform

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