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Mexico - Tea - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

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Aug 24, 2023

Mexico Sees Tea Prices Plummet to $7,123 per Ton

Mexico Tea Import Price in April 2023

In April 2023, the tea price amounted to $7,123 per ton (CIF, Mexico), waning by -50.7% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 84% month-to-month. As a result, import price reached the peak level of $14,453 per ton, and then reduced remarkably in the following month.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was the United States ($23,627 per ton), while the price for China ($3,642 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Mexico Tea Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Tea in Mexico (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
United States10,45416,44611,76415,17110,56411,66710,47314,14818,54911,75214,47020,36423,627
Sri Lanka112,18620,466N/AN/A18,24727,88818,18419,56526,29517,101N/A26,88016,189
China4,3753,9554,8294,9863,7523,5592,7535,8173,9853,0513,4375,6023,642
ArgentinaN/AN/AN/AN/A2,024N/AN/AN/AN/AN/AN/AN/AN/A
Average6,4115,8886,5898,5616,8377,6576,8749,1727,5327,4317,85214,4537,123

Mexico Tea Imports

Tea imports into Mexico skyrocketed to 126 tons in April 2023, increasing by 176% compared with March 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when imports increased by 274% m-o-m. As a result, imports attained the peak of 158 tons. From September 2022 to April 2023, the growth of imports remained at a somewhat lower figure.

In value terms, tea imports surged to $899K (IndexBox estimates) in April 2023. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when imports increased by 198% against the previous month. As a result, imports attained the peak of $1.1M. From September 2022 to April 2023, the growth of imports remained at a somewhat lower figure.

Mexico Tea Imports by Type

Tea, black; (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg (51 tons), tea, green; (not fermented), in immediate packings of a content exceeding 3kg (47 tons) and tea, green; (not fermented), in immediate packings of a content not exceeding 3kg (27 tons) were the main products of tea imports to Mexico, together accounting for 99% of total imports.

From April 2022 to April 2023, the biggest increases were in tea, green; (not fermented), in immediate packings of a content exceeding 3kg (with a CAGR of +4.1%), while purchases for the other products experienced a decline.

In value terms, tea, black; (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg ($453K), tea, green; (not fermented), in immediate packings of a content not exceeding 3kg ($314K) and tea, green; (not fermented), in immediate packings of a content exceeding 3kg ($112K) appeared to be the most imported types of tea in Mexico, with a combined 98% share of total imports.

Mexico Tea Imports by Country

In April 2023, China (103 tons) constituted the largest tea supplier to Mexico, with a 82% share of total imports. Moreover, tea imports from China exceeded the figures recorded by the second-largest supplier, the United States (9.5 tons), more than tenfold.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (-11.0% per month) and Sri Lanka (+67.3% per month).

In value terms, the largest tea suppliers to Mexico were China ($375K), the United States ($226K) and Sri Lanka ($148K), together accounting for 83% of total imports.

Sri Lanka, with a CAGR of +42.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tea 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 667 - Tea

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. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. 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, HARVESTED AREA AND YIELD

  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. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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