Latest Report Update: Apr 12, 2021

Mexico - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Mexico: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Mexico

The Mexican peanut butter market rose to $X in 2019, with an increase of X% against the previous year. In general, the total consumption indicated resilient growth from 2007 to 2019: its value 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, consumption increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Peanut butter consumption peaked in 2019 and is likely to continue growth in the immediate term.

Peanut Butter Production in Mexico

In value terms, peanut butter production dropped to $X in 2019 estimated in export prices. Overall, the total production indicated a prominent increase from 2007 to 2019: its value 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, production increased by +X% against 2012 indices. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Peanut butter production peaked at $X in 2018, and then reduced slightly in the following year.

Peanut Butter Exports

Exports from Mexico

After three years of growth, shipments abroad of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes in 2019. Overall, total exports indicated a temperate expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2018, and then shrank sharply in the following year.

In value terms, peanut butter exports reduced to $X in 2019. In general, total exports indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2018, and then dropped in the following year.

Exports by Country

The U.S. (X tonnes) was the main destination for peanut butter exports from Mexico, with a X% share of total exports. Moreover, peanut butter exports to the U.S. exceeded the volume sent to the second major destination, Guatemala (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Chile (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for peanut butter exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Chile (+X% per year).

Export Prices by Country

In 2019, the average peanut butter export price amounted to $X per tonne, surging by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2012 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied noticeably for the major overseas markets. In 2019, the country with the highest price was Guatemala ($X per tonne), while the average price for exports to the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Mexico

In 2019, overseas purchases of peanut butter and prepared or preserved groundnuts increased by X% to X tonnes, rising for the fourth consecutive year after three years of decline. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

In value terms, peanut butter imports soared to $X in 2019. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2019 and are likely to see steady growth in years to come.

Imports by Country

In 2019, the U.S. (X tonnes) was the main supplier of peanut butter to Mexico, with a X% share of total imports. Moreover, peanut butter imports from the U.S. exceeded the figures recorded by the second-largest supplier, Colombia (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and India (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of peanut butter to Mexico, comprising X% of total imports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total imports.

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

Import Prices by Country

In 2019, the average peanut butter import price amounted to $X per tonne, waning by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Colombia ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Colombia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in the world?
+
China (859K tonnes) remains the largest peanut butter consuming country worldwide, comprising approx. 17% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (374K tonnes), twofold. The third position in this ranking was occupied by India (332K tonnes), with a 6.5% share.
What are the largest producers of peanut butter and prepared or preserved groundnuts in the world?
+
China (1.2M tonnes) constituted the country with the largest volume of peanut butter production, comprising approx. 23% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (408K tonnes), threefold. The third position in this ranking was occupied by India (352K tonnes), with a 6.7% share.
What are the leading suppliers of peanut butter and prepared or preserved groundnuts to Mexico?
+
In value terms, the U.S. ($34M) constituted the largest supplier of peanut butter to Mexico, comprising 93% of total imports. The second position in the ranking was occupied by Colombia ($1.7M), with a 4.6% share of total imports.
What are the leading importers of peanut butter and prepared or preserved groundnuts from Mexico?
+
In value terms, the U.S. ($34M) remains the key foreign market for peanut butter exports from Mexico, comprising 87% of total exports. The second position in the ranking was occupied by Guatemala ($2.3M), with a 5.8% share of total exports.
What is the average export price for peanut butter and prepared or preserved groundnuts in Mexico?
+
In 2019, the average peanut butter export price amounted to $2,546 per tonne, increasing by 4.1% against the previous year.
What is the average import price for peanut butter and prepared or preserved groundnuts in Mexico?
+
In 2019, the average peanut butter import price amounted to $2,365 per tonne, declining by -4.8% against the previous year.

Product coverage:
• Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)

This report provides an in-depth analysis of the peanut butter market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Mexico

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Mexico
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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