Mexico - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMexico 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.
| COUNTRY | Import Price of Tea in Mexico (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| United States | 10,454 | 16,446 | 11,764 | 15,171 | 10,564 | 11,667 | 10,473 | 14,148 | 18,549 | 11,752 | 14,470 | 20,364 | 23,627 |
| Sri Lanka | 112,186 | 20,466 | N/A | N/A | 18,247 | 27,888 | 18,184 | 19,565 | 26,295 | 17,101 | N/A | 26,880 | 16,189 |
| China | 4,375 | 3,955 | 4,829 | 4,986 | 3,752 | 3,559 | 2,753 | 5,817 | 3,985 | 3,051 | 3,437 | 5,602 | 3,642 |
| Argentina | N/A | N/A | N/A | N/A | 2,024 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Average | 6,411 | 5,888 | 6,589 | 8,561 | 6,837 | 7,657 | 6,874 | 9,172 | 7,532 | 7,431 | 7,852 | 14,453 | 7,123 |
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.
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:
- 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 THE 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 EditionPRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
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4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- 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 Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012-2024
- Imports, In Value Terms, By Country, 2012-2024
- Import Prices, By Country, 2012-2024
- Exports, In Physical Terms, By Country, 2012-2024
- Exports, In Value Terms, By Country, 2012-2024
- Exports Prices, By Country, 2012-2024
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LIST OF FIGURES
- Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, by Product
- Average Per Capita Consumption, by Product
- Exports and Growth, by Product
- Export Prices and Growth, by Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012-2024
- Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012-2024
