Mexico: Butter And Ghee Market 2025

Butter And Ghee Market Size in Mexico

The Mexican butter and ghee market expanded markedly to $X in 2022, rising by X% against the previous year. Overall, consumption continues to indicate a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Butter And Ghee Production in Mexico

In value terms, butter and ghee production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a significant increase. The growth pace was the most rapid in 2020 when the production volume increased by X,835,000%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Butter And Ghee Exports

Exports from Mexico

In 2022, shipments abroad of butter and ghee decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, butter and ghee exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for butter and ghee exports from Mexico, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for butter and ghee exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%.

Export Prices by Country

The average butter and ghee export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Butter And Ghee Imports

Imports into Mexico

Butter and ghee imports into Mexico soared to X tons in 2022, growing by X% against 2021. Overall, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, butter and ghee imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest butter and ghee supplier to Mexico, accounting for a X% share of total imports. Moreover, butter and ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Argentina (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of butter and ghee to Mexico, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the average butter and ghee import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per ton) and the United States ($X per ton), while the price for Argentina ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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