Mexico: Chestnut Market 2025

Chestnut Market Size in Mexico

The Mexican chestnut market dropped dramatically to $X in 2021, which is down by -81.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a sharp setback. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Chestnut Exports

Exports from Mexico

In 2021, approx. X kg of chestnuts were exported from Mexico; growing by 139% against the previous year's figure. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 141%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, chestnut exports surged to $X in 2021. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 137%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X kg) was the main destination for chestnut exports from Mexico, accounting for a 98% share of total exports. It was followed by Canada (X kg), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest.

In value terms, Germany ($X) emerged as the key foreign market for chestnut exports from Mexico, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.9% share of total exports.

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

Export Prices by Country

In 2021, the average chestnut export price amounted to $X per ton, flattening at the previous year. In general, the export price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2014 when the average export price increased by 85%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.8%).

Chestnut Imports

Imports into Mexico

In 2021, purchases abroad of chestnuts decreased by -78.8% to X tons, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2018 with an increase of 897% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, chestnut imports declined sharply to $X in 2021. Overall, imports saw a dramatic setback. The growth pace was the most rapid in 2018 when imports increased by 779% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) was the main supplier of chestnut to Mexico, with a 92% share of total imports. Moreover, chestnut imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to -20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-35.6% per year) and Italy (-69.9% per year).

In value terms, Spain ($X) constituted the largest supplier of chestnut to Mexico, comprising 81% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at -18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-61.1% per year) and the United States (-31.8% per year).

Import Prices by Country

In 2021, the average chestnut import price amounted to $X per ton, growing by 6.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2016 an increase of 37%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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