Mexico: Candied Fruit Market Overview 2021

Candied Fruit Market Size in Mexico

The Mexican candied fruit market fell dramatically to $X in 2019, reducing by -X% against the previous year. Overall, consumption showed a abrupt setback. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.

Candied Fruit Production in Mexico

In value terms, candied fruit production dropped significantly to $X in 2019 estimated in export prices. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, production reached the peak level of $X. From 2009 to 2019, production growth failed to regain the momentum.

In 2019, the average yield of candied fruits in Mexico was estimated at X kg per ha, approximately reflecting 2018. Overall, the yield showed 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 2019, approximately equating 2018. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Candied Fruit Exports

Exports from Mexico

Candied fruit exports from Mexico skyrocketed to X tonnes in 2019, surging by X% on 2018 figures. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

In value terms, candied fruit exports soared to $X in 2019. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for candied fruit exports from Mexico, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to the U.S. stood at +X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. stood at +X%.

Export Prices by Country

In 2019, the average candied fruit export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price showed a mild reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices failed to regain the momentum.

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

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Candied Fruit Imports

Imports into Mexico

After two years of growth, supplies from abroad of candied fruits decreased by -X% to X tonnes in 2019. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, candied fruit imports shrank to $X in 2019. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest supplier of candied fruit to Mexico, with a X% share of total imports. Moreover, candied fruit imports from the U.S. exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), threefold. Taiwan (Chinese) (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of candied fruit to Mexico, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the U.S. stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and China (-X% per year).

Import Prices by Country

In 2019, the average candied fruit import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, import price indicated a prominent increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, candied fruit import price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for candied fruits in the world?

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China (83K tonnes) remains the largest candied fruit consuming country worldwide, accounting for 45% of total volume. Moreover, candied fruit consumption in China exceeded the figures recorded by the second-largest consumer, Japan (7.6K tonnes), more than tenfold. The third position in this ranking was occupied by Malaysia (5.7K tonnes), with a 3.1% share.

What are the largest producers of candied fruits in the world?

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China (192K tonnes) constituted the country with the largest volume of candied fruit production, comprising approx. 61% of total volume. Moreover, candied fruit production in China exceeded the figures recorded by the second-largest producer, Thailand (63K tonnes), threefold.

What are the leading suppliers of candied fruits to Mexico?

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In value terms, the U.S. ($1.2M) constituted the largest supplier of candied fruit to Mexico, comprising 62% of total imports. The second position in the ranking was occupied by Thailand ($426K), with a 22% share of total imports. It was followed by China, with a 4.5% share.

What are the leading importers of candied fruits from Mexico?

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In value terms, the U.S. ($2.1M) remains the key foreign market for candied fruit exports from Mexico.

What is the average export price for candied fruits in Mexico?

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The average candied fruit export price stood at $2,500 per tonne in 2019, waning by -4.2% against the previous year.

What is the average import price for candied fruits in Mexico?

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The average candied fruit import price stood at $3,603 per tonne in 2019, picking up by 7.1% against the previous year.