Mexico: Dried Prune Market 2024

Dried Prune Market Size in Mexico

The Mexican dried prune market amounted to $X in 2022, increasing by 4% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.5% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Dried Prune Production in Mexico

In value terms, dried prune production fell modestly to $X in 2022 estimated in export price. Overall, production posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 60%. Dried prune production peaked at $X in 2021, and then shrank in the following year.

Dried Prune Exports

Exports from Mexico

In 2022, after two years of growth, there was significant decline in shipments abroad of dried prunes, when their volume decreased by -41.1% to X tons. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 459% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, dried prune exports contracted remarkably to $X in 2022. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 560% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Canada (X tons) was the main destination for dried prune exports from Mexico, with a 76% share of total exports. Moreover, dried prune exports to Canada exceeded the volume sent to the second major destination, the Netherlands (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at +3,351.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+39.8% per year) and Belize (+15.5% per year).

In value terms, Canada ($X) emerged as the key foreign market for dried prunes exports from Mexico, comprising 90% of total exports. The second position in the ranking was taken by Belize ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled +2,493.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (+29.1% per year) and the Netherlands (+47.3% per year).

Export Prices by Country

The average dried prune export price stood at $X per ton in 2022, which is down by -2.3% against the previous year. Overall, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 119% against the previous year. The export price peaked at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Prune Imports

Imports into Mexico

In 2022, dried prune imports into Mexico soared to X tons, picking up by 17% against the year before. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 35%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, dried prune imports skyrocketed to $X in 2022. In general, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of dried prune to Mexico, with a 82% share of total imports. Moreover, dried prune imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Chile was relatively modest.

In value terms, Chile ($X) constituted the largest supplier of dried prunes to Mexico, comprising 78% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile amounted to +11.9%.

Import Prices by Country

The average dried prune import price stood at $X per ton in 2022, picking up by 47% against the previous year. Over the period under review, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 56%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Chile totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+11.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :