Mexico - Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIn 2024, Mexico's Nuts Export Increases by 9% to Reach $807 Million
Mexico Nuts Exports
In 2024, shipments abroad of nuts decreased by -3.4% to 117K tons for the first time since 2021, thus ending a two-year rising trend. In general, total exports indicated a mild expansion from 2014 to 2024: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +11.7% against 2021 indices. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. The exports peaked at 197K tons in 2019; however, from 2020 to 2024, the exports remained at a lower figure.
In value terms, nuts exports fell to $848M (IndexBox estimates) in 2024. Overall, total exports indicated a tangible expansion from 2014 to 2024: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +14.4% against 2021 indices. The pace of growth was the most pronounced in 2016 when exports increased by 45% against the previous year. The exports peaked at $1.1B in 2019; however, from 2020 to 2024, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Nuts in Mexico (million USD) | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| United States | 109 | 99.8 | 190 | 115 | 161 | 132 | 84.8 | 54.1 | 42.8 |
| China | N/A | N/A | 3.9 | N/A | 30.1 | 165 | 64.0 | 53.4 | 18.8 |
| Vietnam | 17.2 | N/A | 59.8 | 36.3 | N/A | N/A | N/A | N/A | N/A |
| Hong Kong | 53.6 | 34.1 | 41.0 | N/A | 4.1 | 1.7 | N/A | N/A | N/A |
| Others | 364 | 451 | 552 | 543 | 739 | 798 | 649 | 634 | 745 |
| Total | 544 | 585 | 847 | 695 | 934 | 1,097 | 798 | 741 | 807 |
Exports by Country
the United States (9.1K tons) was the main destination for nuts exports from Mexico, with a 8.4% share of total exports. Moreover, nuts exports to the United States exceeded the volume sent to the second major destination, China (4.3K tons), twofold.
From 2014 to 2022, the average annual rate of growth in terms of volume to the United States stood at -12.3%.
In value terms, the United States ($43M) remains the key foreign market for nuts exports from Mexico, comprising 5.3% of total exports. The second position in the ranking was held by China ($19M), with a 2.3% share of total exports.
From 2014 to 2022, the average annual growth rate of value to the United States amounted to -11.1%.
Exports by Type
Nuts, nes (98K tons) was the largest type of nuts exported from Mexico, accounting for a 84% share of total exports. Moreover, nuts, nes exceeded the volume of the second product type, walnuts (19K tons), fivefold. The third position in this ranking was held by cashew nuts (31 tons), with less than 0.1% share.
From 2014 to 2024, the average annual rate of growth in terms of the volume of nuts, nes exports amounted to +3.8%. With regard to the other exported products, the following average annual rates of growth were recorded: walnuts (-5.3% per year) and cashew nuts (-38.0% per year).
In value terms, nuts, nes ($787M) remains the largest type of nuts exported from Mexico, comprising 93% of total exports. The second position in the ranking was held by walnuts ($61M), with a 7.2% share of total exports. It was followed by pistachios, with less than 0.1% share.
From 2014 to 2024, the average annual growth rate of the value of nuts, nes exports amounted to +7.0%. With regard to the other exported products, the following average annual rates of growth were recorded: walnuts (-7.9% per year) and pistachios (+22.0% per year).
Export Prices by Country
In 2024, the nuts price stood at $7,462 per ton in 2022 (FOB, Mexico), surging by 5.1% against the previous year. Over the period from 2014 to 2022, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,721 per ton), while the average price for exports to China amounted to $4,373 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the nuts 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 221 - Almonds
- FCL 223 - Pistachios
- FCL 222 - Walnuts
- FCL 220 - Chestnuts
- FCL 217 - Cashew nuts
- FCL 225 - Hazelnuts (Filberts)
- FCL 216 - Brazil nuts
- FCL 234 - Nuts nes
- FCL 224 - Kolanuts
- FCL 226 - Areca nuts
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
