Mexico: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Mexico

After two years of growth, the Mexican margarine and shortening market decreased by X% to $X in 2022. In general, consumption, however, continues to indicate strong growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Margarine And Shortening Production in Mexico

In value terms, margarine and shortening production reached $X in 2022 estimated in export price. Over the period under review, production showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Margarine And Shortening Exports

Exports from Mexico

In 2022, approx. X tons of margarine and shortening were exported from Mexico; with an increase of X% against 2021 figures. In general, total exports indicated a slight expansion from 2012 to 2022: its volume 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, margarine and shortening exports skyrocketed to $X in 2022. Overall, exports saw a pronounced expansion. 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 margarine and shortening exports from Mexico, with a X% share of total exports. Moreover, margarine and shortening exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%.

In value terms, the United States ($X) remains the key foreign market for margarine and shortening exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%.

Export Prices by Country

The average margarine and shortening export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price 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, margarine and shortening export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%).

Margarine And Shortening Imports

Imports into Mexico

In 2022, supplies from abroad of margarine and shortening decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, margarine and shortening imports shrank to $X in 2022. In general, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main margarine and shortening supplier to Mexico, accounting for a X% share of total imports. Moreover, margarine and shortening imports from the United States exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%.

Import Prices by Country

The average margarine and shortening import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia totaled $X per ton.

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

Source: IndexBox Platform

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