We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Mexico - Cheese - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Mexico - Cheese - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Feb 13, 2023

Cheese Price in Mexico Rises Significantly to $5,480 per Ton

Mexico Cheese Import Price in November 2022

In November 2022, the cheese price amounted to $5,480 per ton (CIF, Mexico), increasing by 20% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 24% against the previous month. The import price peaked at $5,544 per ton in June 2022; afterwards, it flattened through to November 2022.

Average prices varied noticeably amongst the major supplying countries. In November 2022, the country with the highest price was the United States ($5,449 per ton), while the price for Chile totaled $5,001 per ton.

From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Mexico Cheese Import Prices by Type

Average prices varied somewhat amongst the major supplied products. In November 2022, the highest price was recorded for prices from cheese, blue-veined (not grated, powdered or processed) ($7,708 per ton) and processed cheese (excluding grated or powdered) ($7,687 per ton), while the price for cheese of all kinds, grated or powdered ($5,377 per ton) and cheese, other than blue-veined, grated, powdered or processed ($5,487 per ton) were amongst the lowest.

From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by processed cheese (excluding grated or powdered) (+6.1%), while the prices for the other products experienced more modest paces of growth.

Mexico Cheese Imports

In November 2022, supplies from abroad of cheese increased by 37% to 11K tons for the first time since August 2022, thus ending a two-month declining trend. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in February 2022 when imports increased by 175% m-o-m. Imports peaked at 15K tons in August 2022; however, from September 2022 to November 2022, imports stood at a somewhat lower figure.

In value terms, cheese imports surged to $59M (IndexBox estimates) in November 2022. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in February 2022 with an increase of 177% month-to-month. Over the period under review, imports attained the maximum at 76K tons in June 2022; however, from July 2022 to November 2022, imports failed to regain momentum.

Mexico Cheese Imports by Type

Cheese, other than blue-veined, grated, powdered or processed (5.3K tons), cheese of all kinds, grated or powdered (4.7K tons) and fresh cheese (unripened or uncured cheese), including whey cheese and curd (711 tons) were the main products of cheese imports to Mexico, with a combined 99% share of total imports. Cheese, blue-veined (not grated, powdered or processed) and processed cheese (excluding grated or powdered) lagged somewhat behind, together accounting for a further 0.6%.

From January 2022 to November 2022, the biggest increases were in cheese, blue-veined (not grated, powdered or processed) (with a CAGR of +17.7%), while purchases for the other products experienced more modest paces of growth.

In value terms, the most traded types of cheese in Mexico were cheese, other than blue-veined, grated, powdered or processed ($29M), cheese of all kinds, grated or powdered ($25M) and fresh cheese (unripened or uncured cheese), including whey cheese and curd ($4.2M), with a combined 99% share of total imports. These products were followed by cheese, blue-veined (not grated, powdered or processed) and processed cheese (excluding grated or powdered), which together accounted for a further 0.9%.

Mexico Cheese Imports by Country

In November 2022, the United States (10K tons) was the main supplier of cheese to Mexico, with a 95% share of total imports. Moreover, cheese imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (435 tons), more than tenfold.

From January 2022 to November 2022, the average monthly growth rate of volume from the United States amounted to +12.1%.

In value terms, the United States ($56M) constituted the largest supplier of cheese to Mexico, comprising 94% of total imports. The second position in the ranking was taken by Chile ($2.2M), with a 3.7% share of total imports.

From January 2022 to November 2022, the average monthly rate of growth in terms of value from the United States stood at +13.6%.

Factors Affecting Cheese Prices

The price of cheese in Mexico has been on the rise in recent years, due to a number of factors. The first is the increasing demand for cheese products, both from within the country and from abroad. This has led to higher prices for raw milk, which is used to make cheese. Additionally, the cost of transportation and packaging has also gone up.

However, there are some factors that have helped to offset these rising costs. One is the fact that Mexican cheese producers have become more efficient and productive. They have been able to increase their output while keeping their costs relatively low. Additionally, the Mexican government has provided some financial assistance to the industry, which has helped to keep prices down.

Looking forward, it is expected that the price of cheese in Mexico will continue to rise modestly in the coming years. However, with continued efficiency gains and government support, the industry should be able to maintain a healthy level of production and keep prices relatively stable.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cheese 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.

Product coverage:

  • FCL 901 - Cheese from Whole Cow Milk
  • FCL 904 - Cheese from Skimmed Cow Milk
  • FCL 905 - Whey Cheese
  • FCL 907 - Processed Cheese
  • FCL 955 - Cheese of Buffalo Milk
  • FCL 984 - Cheese of Sheep Milk
  • FCL 1021 - Cheese of Goat Milk

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Cheese - Mexico
Table
Cheese - Mexico - Table
Dashboard
Cheese - Mexico - Dashboard
Report
Cheese - Mexico - Report