Mexico: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Mexico

The Mexican concentrated orange juice market expanded significantly to $X in 2021, surging by 11% against the previous year. In general, consumption, however, recorded a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Concentrated Orange Juice Production in Mexico

In value terms, concentrated orange juice production rose markedly to $X in 2021 estimated in export price. In general, production saw a deep reduction. The growth pace was the most rapid in 2015 with an increase of 21%. Concentrated orange juice production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Concentrated Orange Juice Exports

Exports from Mexico

In 2021, overseas shipments of concentrated orange juice decreased by -5.6% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 84%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, concentrated orange juice exports rose rapidly to $X in 2021. In general, exports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2017 with an increase of 63% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for concentrated orange juice exports from Mexico, with a 83% share of total exports. Moreover, concentrated orange juice exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), eightfold. The third position in this ranking was held by Japan (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-0.7% per year) and Japan (+2.4% per year).

In value terms, the United States ($X) remains the key foreign market for concentrated orange juice exports from Mexico, comprising 77% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total exports. It was followed by Japan, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.0% per year) and Japan (-0.4% per year).

Export Prices by Country

The average concentrated orange juice export price stood at $X per ton in 2021, picking up by 22% against the previous year. In general, the export price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 31%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Germany ($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 Netherlands (+0.7%), while the prices for the other major destinations experienced a decline.

Concentrated Orange Juice Imports

Imports into Mexico

In 2021, supplies from abroad of concentrated orange juice decreased by -8.5% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 61% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, concentrated orange juice imports fell markedly to $X in 2021. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 143% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -6.0%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -3.6%.

Import Prices by Country

In 2021, the average concentrated orange juice import price amounted to $X per ton, dropping by -8% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 51%. 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.

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 Brazil amounted to +15.6% per year.

Source: IndexBox Platform

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