Mexico: Pulses Market 2024

Pulses Market Size in Mexico

After two years of growth, the Mexican pulses market decreased by X% to $X in 2022. Over the period under review, consumption recorded a perceptible curtailment. Pulses consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Pulses Production in Mexico

In value terms, pulses production rose to $X in 2022 estimated in export price. In general, production recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of pulses in Mexico reduced to X kg per ha, which is down by X% compared with the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the yield increased by X%. The pulses yield peaked at X kg per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the pulses harvested area in Mexico dropped slightly to X ha, which is down by X% on the year before. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the harvested area dedicated to pulses production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

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Pulses Exports

Exports from Mexico

In 2022, shipments abroad of pulses decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, pulses exports amounted to $X in 2022. Overall, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria (X tons), the United States (X tons) and Turkey (X tons) were the main destinations of pulses exports from Mexico, together accounting for X% of total exports. Cuba, Spain and Peru lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pulses exported from Mexico were Algeria ($X), the United States ($X) and Turkey ($X), together comprising X% of total exports. Cuba, Spain and Peru lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Cuba, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pulses 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 growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per ton) and Algeria ($X per ton), while the average price for exports to the United States ($X per ton) and Cuba ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pulses Imports

Imports into Mexico

In 2022, after two years of growth, there was significant decline in supplies from abroad of pulses, when their volume decreased by X% to X tons. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, pulses imports fell significantly to $X in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest pulses supplier to Mexico, with a X% share of total imports. Moreover, pulses imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and China (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average pulses import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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