Mexico: Chewing Gum Market 2022

Chewing Gum Market Size in Mexico

The mexican chewing gum market surged to $X in 2021, picking up by X% 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).The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Chewing Gum Production in Mexico

In value terms, chewing gum production soared to $X in 2021 estimated in export price.In general, production, however, recorded a slight contraction.Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Chewing Gum Exports

Exports from Mexico

For the third consecutive year, mexico recorded decline in shipments abroad of chewing gum, which decreased by -X% to X tons in 2021.Overall, exports recorded a abrupt descent.The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year.As a result, the exports reached the peak of X tons. from 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, chewing gum exports reduced markedly to $X in 2021.Over the period under review, exports continue to indicate a abrupt decrease.The pace of growth was the most pronounced in 2016 with an increase of X the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The united states (X tons) was the main destination for chewing gum exports from Mexico, with a X% share of total exports. Moreover, chewing gum exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), sixfold. The third position in this ranking was held by Colombia (X tons), with a X% share.

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

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

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

Export Prices by Country

In 2021, the average chewing gum export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Honduras ($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 Guatemala (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Chewing Gum Imports

Imports into Mexico

In 2021, supplies from abroad of chewing gum decreased by -X% to X tons, falling for the second consecutive year after four years of growth.Over the period under review, imports saw a mild downturn.The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year.Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, chewing gum imports totaled $X in 2021.In general, imports, however, recorded a relatively flat trend pattern.The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year.Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest chewing gum supplier to Mexico, with a X% share of total imports. Moreover, chewing gum imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Canada (-X% per year).

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

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

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2021, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :