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Mexico - Wine - Market Analysis, Forecast, Size, Trends and Insights
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Mexico: Wine Market Overview 2021

Wine Market Size in Mexico

The Mexican wine market reduced rapidly to $X in 2020, declining by -X% against the previous year. In general, consumption, however, recorded a mild descent. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Wine consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Wine Production in Mexico

In value terms, wine production rose notably to $X in 2020 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in the immediate term.

Wine Exports

Exports from Mexico

In 2020, approx. X tonnes of wine were exported from Mexico; dropping by -X% compared with 2019 figures. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, wine exports shrank significantly to $X in 2020. In general, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by X% year-to-year. As a result, exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

The U.S. (X tonnes) was the main destination for wine exports from Mexico, accounting for a X% share of total exports. Moreover, wine exports to the U.S. exceeded the volume sent to the second major destination, Belgium (X tonnes), sevenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. amounted to +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled +X%.

Export Prices by Country

The average wine export price stood at $X per tonne in 2020, jumping by X% against the previous year. In general, export price indicated a moderate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wine export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2019 an increase of X% year-to-year. The export price peaked in 2020 and is likely to continue growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Belgium stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium.

Wine Imports

Imports into Mexico

In 2020, overseas purchases of wine decreased by -X% to X tonnes for the first time since 2012, thus ending a seven-year rising trend. In general, imports, however, saw notable growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2019, and then declined sharply in the following year.

In value terms, wine imports fell significantly to $X in 2020. Overall, total imports indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tonnes), Italy (X tonnes) and Chile (X tonnes) were the main suppliers of wine imports to Mexico, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Italy, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wine suppliers to Mexico were Spain ($X), Italy ($X) and France ($X), with a combined X% share of total imports.

In terms of the main suppliers, Italy recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average wine import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price, however, recorded a mild contraction. The growth pace was the most rapid in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Chile, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wine in the world?
+
The countries with the highest volumes of wine consumption in 2020 were France (4.1M tonnes), Italy (3.8M tonnes) and the U.S. (3.2M tonnes), with a combined 37% share of global consumption. These countries were followed by Spain, China, Germany, the UK, Argentina, Australia, Russia, Chile, Switzerland and South Africa, which together accounted for a further 41%.
What are the largest producers of wine in the world?
+
The countries with the highest volumes of wine production in 2020 were Italy (5.7M tonnes), France (4.9M tonnes) and Spain (4.6M tonnes), with a combined 51% share of global production. These countries were followed by the U.S., China, Argentina, Chile, Australia, South Africa, Portugal and Germany, which together accounted for a further 36%.
What are the leading suppliers of wine to Mexico?
+
In value terms, the largest wine suppliers to Mexico were Spain ($60M), Italy ($50M) and France ($29M), together accounting for 73% of total imports.
What are the leading importers of wine from Mexico?
+
In value terms, the U.S. ($542K) remains the key foreign market for wine exports from Mexico, comprising 93% of total exports. The second position in the ranking was occupied by Belgium ($41K), with a 7.1% share of total exports.
What is the average export price for wine in Mexico?
+
The average wine export price stood at $6,728 per tonne in 2020, picking up by 23% against the previous year.
What is the average import price for wine in Mexico?
+
In 2020, the average wine import price amounted to $3,155 per tonne, with an increase of 4.8% against the previous year.

Product coverage:
• FCL 564 - Wine

This report provides an in-depth analysis of the wine 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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