Mexico: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Mexico

The Mexican market for fish fillets and other fish meat amounted to $X in 2022, surging by 8.2% against the previous year. Over the period under review, consumption showed a significant expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Production of Fish Fillets and Other Fish Meat in Mexico

In value terms, production of fish fillets and other fish meat reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 87,757,695,000%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Fish Fillets and Other Fish Meat

Exports from Mexico

In 2022, the amount of fish fillets and other fish meat exported from Mexico dropped to X tons, with a decrease of -10.4% against the previous year's figure. Overall, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.0% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by 72%. Over the period under review, the exports of reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of fish fillets and other fish meat reduced to $X in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.6% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by 106%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of fish fillets and other fish meat from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +13.3%.

In value terms, the United States ($X) also remains the key foreign market for fish fillets and other fish meat exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +12.6%.

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, growing by 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 20%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.6% per year.

Imports of Fish Fillets and Other Fish Meat

Imports into Mexico

Imports of fish fillets and other fish meat into Mexico skyrocketed to X tons in 2022, rising by 26% against the year before. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +11.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 152%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of fish fillets and other fish meat skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 161% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Vietnam (X tons), China (X tons) and Chile (X tons) were the main suppliers of imports of fish fillets and other fish meat to Mexico, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +12.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Chile ($X) and Vietnam ($X) were the largest fish fillets and other fish meat suppliers to Mexico, with a combined 99% share of total imports.

Chile, with a CAGR of +21.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for fish fillets and other fish meat stood at $X per ton in 2022, declining by -5.4% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price 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. The growth pace was the most rapid in 2020 an increase of 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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