Mexico: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Mexico

The Mexican concentrated grapefruit juice market soared to $X in 2021, picking up by 73% against the previous year. Over the period under review, consumption enjoyed significant growth. Concentrated grapefruit juice consumption peaked in 2021 and is likely to see gradual growth in the near future.

Concentrated Grapefruit Juice Production in Mexico

In value terms, concentrated grapefruit juice production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw buoyant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 74% against the previous year. Concentrated grapefruit juice production peaked at $X in 2020, and then reduced in the following year.

Concentrated Grapefruit Juice Exports

Exports from Mexico

Concentrated grapefruit juice exports from Mexico fell notably to X tons in 2021, with a decrease of -72.5% against 2020. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 112%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, concentrated grapefruit juice exports contracted rapidly to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 93% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for concentrated grapefruit juice exports from Mexico, with a 60% share of total exports. Moreover, concentrated grapefruit juice exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+31.7% per year) and Japan (-28.1% per year).

In value terms, the Netherlands ($X), Spain ($X) and Japan ($X) were the largest markets for concentrated grapefruit juice exported from Mexico worldwide, with a combined 98% share of total exports.

Spain, with a CAGR of +35.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average concentrated grapefruit juice export price stood at $X per ton in 2021, falling by -14.9% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated grapefruit juice export price decreased by -23.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to the Netherlands ($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 Japan (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports into Mexico

In 2021, approx. X tons of concentrated grapefruit juice were imported into Mexico; surging by 125% compared with 2020. In general, imports, however, faced a precipitous curtailment. The growth pace was the most rapid in 2018 when imports increased by 189%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, concentrated grapefruit juice imports surged to $X in 2021. Overall, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 231%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main supplier of concentrated grapefruit juice to Mexico, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -21.7%.

In value terms, the United States ($X) constituted the largest supplier of concentrated grapefruit juice to Mexico.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -16.3%.

Import Prices by Country

In 2021, the average concentrated grapefruit juice import price amounted to $X per ton, jumping by 31% against the previous year. Overall, the import price posted a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +7.0% per year.

Source: IndexBox Platform

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