
Mexico - Vegetables in Vinegar - Market Analysis, Forecast, Size, Trends and Insights
Mexico: Vinegar-Preserved Vegetable Market 2023
Vinegar-Preserved Vegetable Market Size in Mexico
The Mexican vinegar-preserved vegetable market surged to $X in 2021, with an increase of 33% against the previous year. In general, consumption continues to indicate significant growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.
Vinegar-Preserved Vegetable Production in Mexico
In value terms, vinegar-preserved vegetable production declined to $X in 2021 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 77%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.
Vinegar-Preserved Vegetable Exports
Exports from Mexico
In 2021, overseas shipments of vegetables in vinegar other than potatoes decreased by -33.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports saw a deep slump. The growth pace was the most rapid in 2017 with an increase of 785% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
In value terms, vinegar-preserved vegetable exports dropped significantly to $X in 2021. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 915% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then fell dramatically in the following year.
Exports by Country
The United States (X tons) was the main destination for vinegar-preserved vegetable exports from Mexico, accounting for a 84% share of total exports. Moreover, vinegar-preserved vegetable exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.
From 2012 to 2021, the average annual growth rate of volume to the United States stood at -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.2% per year) and the UK (-11.1% per year).
In value terms, the United States ($X) remains the key foreign market for vinegar-preserved vegetable exports from Mexico, comprising 80% of total exports. The second position in the ranking was held by Germany ($X), with a 3.5% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.7% per year) and the UK (-7.0% per year).
Export Prices by Country
The average vinegar-preserved vegetable export price stood at $X per ton in 2021, shrinking by -40.8% against the previous year. In general, the export price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2016 an increase of 62%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to 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 recorded for supplies to Germany (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Vinegar-Preserved Vegetable Imports
Imports into Mexico
In 2021, approx. X tons of vegetables in vinegar other than potatoes were imported into Mexico; jumping by 45% against the previous year. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, vinegar-preserved vegetable imports surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, the United States (X tons) constituted the largest supplier of vinegar-preserved vegetable to Mexico, accounting for a 70% share of total imports. Moreover, vinegar-preserved vegetable imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The third position in this ranking was taken by Greece (X tons), with a 7.4% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.7% per year) and Greece (-1.2% per year).
In value terms, the United States ($X) constituted the largest supplier of vinegar-preserved vegetable to Mexico, comprising 54% of total imports. The second position in the ranking was taken by Spain ($X), with a 21% share of total imports. It was followed by Greece, with a 13% share.
From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-3.0% per year) and Greece (+0.9% per year).
Import Prices by Country
The average vinegar-preserved vegetable import price stood at $X per ton in 2021, waning by -10.6% against the previous year. In general, the import price showed a mild contraction. The pace of growth appeared the most rapid in 2014 an increase of 24% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.
Prices varied noticeably country of origin: the country with the highest price was Greece ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the vinegar-preserved vegetable 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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