Mexico: Root And Tuber Market 2024

Root And Tuber Market Size in Mexico

In 2022, the Mexican root and tuber market decreased by X% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Root And Tuber Production in Mexico

In value terms, root and tuber production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of roots and tubers in Mexico was estimated at X tons per ha, therefore, remained relatively stable against 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X%. The root and tuber yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of roots and tubers were harvested in Mexico; approximately equating 2021. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X%. The root and tuber harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Root And Tuber Exports

Exports from Mexico

In 2022, overseas shipments of roots and tubers increased by X% to X tons, rising for the fifth consecutive year after four years of decline. In general, exports saw a noticeable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber exports soared to $X in 2022. Overall, exports showed a remarkable increase. 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 root and tuber exports from Mexico, with a X% share of total exports. It was followed by Belize (X tons), with a X% share of total exports.

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

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

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

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price saw a noticeable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belize stood at $X per ton.

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

Root And Tuber Imports

Imports into Mexico

In 2022, purchases abroad of roots and tubers decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, root and tuber imports surged to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the main supplier of root and tuber to Mexico, accounting for a approx. X% share of total imports.

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

In value terms, the United States ($X) constituted the largest supplier of roots and tubers to Mexico.

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

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a perceptible expansion 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, root and tuber import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, 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.

Source: IndexBox Platform

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