Mexico: Coffee Extract Market 2024

Coffee Extract Market Size in Mexico

The Mexican coffee extract market dropped slightly to $X in 2021, remaining stable against the previous year. Overall, consumption, however, saw a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Coffee Extract Production in Mexico

In value terms, coffee extract production reached $X in 2021 estimated in export price. In general, production, however, showed a noticeable downturn. The growth pace was the most rapid in 2016 with an increase of 0.7%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Coffee Extract Exports

Exports from Mexico

In 2021, shipments abroad of coffee extracts, essences and concentrates decreased by -22.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a noticeable descent. The pace of growth appeared the most rapid in 2019 with an increase of 38%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, coffee extract exports shrank to $X in 2021. Over the period under review, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 17%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for coffee extract exports from Mexico, accounting for a 69% share of total exports. Moreover, coffee extract exports to the United States exceeded the volume sent to the second major destination, Belize (X tons), sixfold. Guatemala (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (+5.6% per year) and Guatemala (+2.5% per year).

In value terms, the United States ($X) remains the key foreign market for coffee extracts, essences and concentrates exports from Mexico, comprising 81% of total exports. The second position in the ranking was held by Guatemala ($X), with a 7.8% share of total exports. It was followed by El Salvador, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+4.0% per year) and El Salvador (-5.0% per year).

Export Prices by Country

The average coffee extract export price stood at $X per ton in 2021, surging by 12% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belize ($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 the United States (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Coffee Extract Imports

Imports into Mexico

Coffee extract imports into Mexico reduced markedly to X tons in 2021, waning by -50.7% on the year before. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 77% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then plummeted in the following year.

In value terms, coffee extract imports fell notably to $X in 2021. Over the period under review, imports continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 92%. Over the period under review, imports hit record highs at $X in 2020, and then fell significantly in the following year.

Imports by Country

Colombia (X tons), the United States (X tons) and Brazil (X tons) were the main suppliers of coffee extract imports to Mexico, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +124.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Colombia ($X), the United States ($X) and Brazil ($X) were the largest coffee extract suppliers to Mexico, together comprising 99% of total imports.

Among the main suppliers, Brazil, with a CAGR of +116.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average coffee extract import price stood at $X per ton in 2021, waning by -8.5% against the previous year. In general, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2015 an increase of 20%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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