Mexico: Market for Rusks, Toasted Bread and Similar Toasted Products 2022

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Mexico

In 2021, after three years of growth, there was decline in the Mexican rusks and toasted bread market, when its value decreased by -2.7% to $X. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then reduced modestly in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Mexico

In value terms, rusks and toasted bread production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 30%. Rusks and toasted bread production peaked at $X in 2020, and then contracted in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Mexico

In 2021, shipments abroad of rusks, toasted bread and similar toasted products increased by 121% to X tons, rising for the fourth year in a row after three years of decline. In general, exports enjoyed a modest expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rusks and toasted bread exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a mild decline. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for rusks and toasted bread exports from Mexico, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +2.1%.

In value terms, the United States ($X) also remains the key foreign market for rusks and toasted bread exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2021, the average rusks and toasted bread export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2019 an increase of 15%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -2.2% per year.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Mexico

After two years of decline, overseas purchases of rusks, toasted bread and similar toasted products increased by 37% to X tons in 2021. In general, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 113%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, rusks and toasted bread imports surged to $X in 2021. Overall, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 123% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons) constituted the largest rusks and toasted bread supplier to Mexico, with a 86% share of total imports. Moreover, rusks and toasted bread imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-13.9% per year) and Canada (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of rusks and toasted bread to Mexico, comprising 85% of total imports. The second position in the ranking was held by Spain ($X), with a 9.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-12.6% per year) and Canada (0.0% per year).

Import Prices by Country

The average rusks and toasted bread import price stood at $X per ton in 2021, picking up by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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