Report Update Nov 1, 2024

Mexico - Anchovies (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Mexico

In 2021, after five years of growth, there was decline in the Mexican preserved anchovies market, when its value decreased by -3.4% to $X. Overall, consumption, however, enjoyed resilient growth. Preserved anchovies consumption peaked at $X in 2020, and then dropped in the following year.

Preserved Anchovies Production in Mexico

In value terms, preserved anchovies production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 44% against the previous year. Preserved anchovies production peaked at $X in 2020, and then fell modestly in the following year.

Preserved Anchovies Exports

Exports from Mexico

In 2014, preserved anchovies exports from Mexico soared to X kg, jumping by 328% against 2013. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved anchovies exports soared to $X in 2014. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Dominican Republic (X kg) and Angola (X kg) were the main destinations of preserved anchovies exports from Mexico.

From 2013 to 2014, the biggest increases were recorded for Angola (with a CAGR of +112.7%).

In value terms, Angola ($X) remains the key foreign market for anchovies (prepared or preserved) exports from Mexico, comprising 96% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 3.8% share of total exports.

From 2013 to 2014, the average annual growth rate of value to Angola amounted to +243.8%.

Export Prices by Country

In 2014, the average preserved anchovies export price amounted to $X per ton, which is down by -16.3% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. Over the period under review, the average export prices reached the maximum at $X per ton in 2013, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to the Dominican Republic amounted to $X per ton.

From 2013 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+61.9%).

Preserved Anchovies Imports

Imports into Mexico

In 2021, purchases abroad of anchovies (prepared or preserved) was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, preserved anchovies imports skyrocketed to $X in 2021. Overall, imports, however, saw a noticeable contraction. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), the United States (X tons) and Peru (X tons) were the main suppliers of preserved anchovies imports to Mexico, with a combined 60% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +73.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of anchovies (prepared or preserved) to Mexico, comprising 43% of total imports. The second position in the ranking was held by the United States ($X), with an 8.7% share of total imports. It was followed by Peru, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+65.3% per year) and Peru (+3.5% per year).

Import Prices by Country

In 2021, the average preserved anchovies import price amounted to $X per ton, increasing by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+17.2%), 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 anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies consumption in 2021 were China, the United States and India, with a combined 27% share of global consumption. These countries were followed by Japan, Pakistan, Germany, Brazil, Russia, Indonesia, Nigeria, Italy, the UK and Bangladesh, which together accounted for a further 26%.

What are the largest producers of anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies production in 2021 were China, the United States and India, together comprising 27% of global production. These countries were followed by Japan, Pakistan, Brazil, Germany, Russia, Indonesia, Nigeria, Bangladesh, the UK and Mexico, which together accounted for a further 26%.

What are the leading suppliers of anchovies (prepared or preserved) to Mexico?

In value terms, Spain constituted the largest supplier of preserved anchovies to Mexico, comprising 69% of total imports. The second position in the ranking was occupied by the United States, with a 14% share of total imports. It was followed by Peru, with a 5.2% share.

What is the average export price for anchovies (prepared or preserved) in Mexico?

In 2021, the average preserved anchovies export price amounted to $10,943 per ton, approximately reflecting the previous year.

What is the average import price for anchovies (prepared or preserved) in Mexico?

In 2021, the average preserved anchovies import price amounted to $16,303 per ton, increasing by 4.6% against the previous year.

This report provides an in-depth analysis of the preserved anchovies 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:

Prodcom 10202560 - Prepared or preserved anchovies, whole or in pieces (excluding minced products and prepared meals and dishes)

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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