Mexico: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Mexico

After five years of growth, the Mexican breakfast cereal market decreased by -X% to $X in 2021. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Breakfast cereal consumption peaked at $X in 2020, and then dropped slightly in the following year.

Breakfast Cereal Production in Mexico

In value terms, breakfast cereal production reduced modestly to $X in 2021 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Breakfast cereal production peaked at $X in 2020, and then reduced slightly in the following year.

Breakfast Cereal Exports

Exports from Mexico

In 2021, shipments abroad of breakfast cereals was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, breakfast cereal exports soared to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for breakfast cereal exports from Mexico, accounting for a X% share of total exports. Moreover, breakfast cereal exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. El Salvador (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-X% per year) and El Salvador (-X% per year).

In value terms, the United States ($X) remains the key foreign market for breakfast cereal exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports. It was followed by El Salvador, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-X% per year) and El Salvador (-X% per year).

Export Prices by Country

In 2021, the average breakfast cereal export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+X%), while the prices for the other major destinations experienced a decline.

Breakfast Cereal Imports

Imports into Mexico

In 2021, the amount of breakfast cereals imported into Mexico soared to X tons, growing by X% on the previous year's figure. Overall, imports, however, continue to indicate a pronounced shrinkage. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, breakfast cereal imports stood at $X in 2021. Over the period under review, imports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of breakfast cereal to Mexico, accounting for a X% share of total imports. Moreover, breakfast cereal imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of breakfast cereal to Mexico, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest.

Import Prices by Country

In 2021, the average breakfast cereal import price amounted to $X per ton, which is down by -X% against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then reduced notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Source: IndexBox Platform

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