Mexico: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Mexico

In 2021, the Mexican meat and fish extracts market increased by 11% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, showed a pronounced contraction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Mexico

In value terms, meat and fish extracts production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from Mexico

In 2021, after four years of growth, there was significant decline in overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs, when their volume decreased by -61.3% to X tons. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 32%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, meat and fish extracts exports contracted remarkably to $X in 2021. Over the period under review, exports faced a deep contraction. The growth pace was the most rapid in 2020 with an increase of 35%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), the United States (X tons) and Austria (X kg) were the main destinations of meat and fish extracts exports from Mexico, with a combined 96% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +42.6%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for meat and fish extracts exported from Mexico were Spain ($X), the United States ($X) and Austria ($X), together accounting for 88% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +70.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average meat and fish extracts export price amounted to $X per ton, dropping by -3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2016 when the average export price increased by 49%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Austria ($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 Austria (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into Mexico

In 2021, overseas purchases of extracts and juices of meat, fish, crustaceans and molluscs increased by 31% to X tons, rising for the third year in a row after two years of decline. In general, imports showed notable growth. The pace of growth was the most pronounced in 2019 with an increase of 72%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, meat and fish extracts imports soared to $X in 2021. Over the period under review, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Denmark (X tons) and Spain (X tons) were the main suppliers of meat and fish extracts imports to Mexico, together comprising 93% of total imports. Italy, New Zealand and Portugal lagged somewhat behind, together comprising a further 5.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +25.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat and fish extracts suppliers to Mexico were Spain ($X), the United States ($X) and Denmark ($X), together comprising 86% of total imports. These countries were followed by New Zealand, Portugal and Italy, which together accounted for a further 13%.

In terms of the main suppliers, Portugal, with a CAGR of +25.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average meat and fish extracts import price amounted to $X per ton, growing by 34% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat and fish extracts import price increased by +49.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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