Mexico: Quinoa Market Overview 2021

Quinoa Market Size in Mexico

The Mexican quinoa market rose rapidly to $X in 2019, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Quinoa consumption peaked in 2019 and is expected to retain growth in the near future.

Quinoa Exports

Exports from Mexico

Quinoa exports from Mexico shrank to X tonnes in 2019, dropping by -X% against the previous year's figure. Overall, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, quinoa exports declined dramatically to $X in 2019. Over the period under review, exports saw a sharp contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Germany (X tonnes) was the main destination for quinoa exports from Mexico, with a X% share of total exports. Moreover, quinoa exports to Germany exceeded the volume sent to the second major destination, Norway (X kg), sixfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Germany stood at +X%.

In value terms, Germany ($X) emerged as the key foreign market for quinoa exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Norway ($X), with a X% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Germany totaled +X%.

Export Prices by Country

The average quinoa export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Norway ($X per tonne), while the average price for exports to Germany amounted to $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Norway.

Quinoa Imports

Imports into Mexico

In 2019, overseas purchases of quinoa increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to continue growth in years to come.

In value terms, quinoa imports expanded rapidly to $X in 2019. In general, total imports indicated a strong increase from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2019 and are likely to continue growth in years to come.

Imports by Country

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

From 2012 to 2019, the average annual growth rate of volume from Peru amounted to +X%.

In value terms, Peru ($X) constituted the largest supplier of quinoa to Mexico, comprising X% of total imports. The second position in the ranking was occupied by Bolivia ($X), with a X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of value from Peru totaled +X%.

Import Prices by Country

The average quinoa import price stood at $X per tonne in 2019, rising by X% against the previous year. Over the period under review, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Bolivia ($X per tonne), while the price for Peru amounted to $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Bolivia.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quinoa in the world?

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The countries with the highest volumes of quinoa consumption in 2019 were Peru (41K tonnes), Bolivia (37K tonnes) and the U.S. (28K tonnes), together comprising 67% of global consumption. These countries were followed by France, Canada, Germany and the UK, which together accounted for a further 14%.

What are the largest producers of quinoa in the world?

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The countries with the highest volumes of quinoa production in 2019 were Peru (90K tonnes), Bolivia (67K tonnes) and Ecuador (4.5K tonnes), together comprising 99% of global production.

What are the leading suppliers of quinoa to Mexico?

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In value terms, Peru ($2.1M) constituted the largest supplier of quinoa to Mexico, comprising 86% of total imports. The second position in the ranking was occupied by Bolivia ($259K), with a 11% share of total imports.

What are the leading importers of quinoa from Mexico?

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In value terms, Germany ($2.3K) emerged as the key foreign market for quinoa exports from Mexico, comprising 77% of total exports. The second position in the ranking was occupied by Norway ($627), with a 21% share of total exports.

What is the average export price for quinoa in Mexico?

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In 2019, the average quinoa export price amounted to $2,306 per tonne, declining by -8.7% against the previous year.

What is the average import price for quinoa in Mexico?

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In 2019, the average quinoa import price amounted to $2,491 per tonne, increasing by 3% against the previous year.