Mexico: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in Mexico

The Mexican nuts (prepared or preserved) market reached $X in 2022, increasing by X% against the previous year. Over the period under review, the total consumption indicated a resilient expansion 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 decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Nuts (Prepared Or Preserved) in Mexico

In value terms, nuts (prepared or preserved) production amounted to $X in 2022 estimated in export price. Overall, the total production indicated buoyant 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Nuts (Prepared Or Preserved)

Exports from Mexico

In 2022, after three years of growth, there was significant decline in overseas shipments of nuts (prepared or preserved), when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, nuts (prepared or preserved) exports declined to $X in 2022. Overall, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

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

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

In value terms, the United States ($X) also remains the key foreign market for nuts (prepared or preserved) exports from Mexico.

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

Export Prices by Country

The average nuts (prepared or preserved) export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Nuts (Prepared Or Preserved)

Imports into Mexico

In 2022, the amount of nuts (prepared or preserved) imported into Mexico expanded notably to X tons, growing by X% against 2021 figures. Overall, total imports indicated a modest 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. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, nuts (prepared or preserved) imports expanded significantly to $X in 2022. Over the period under review, total imports indicated a prominent expansion 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the main nuts (prepared or preserved) supplier to Mexico, with a X% share of total imports. Moreover, nuts (prepared or preserved) imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

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

In value terms, the United States ($X) constituted the largest supplier of nuts (prepared or preserved) to Mexico, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

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

Import Prices by Country

The average nuts (prepared or preserved) import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform