Mexico: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in Mexico

The Mexican frozen chicken cut market rose markedly to $X in 2022, surging by 8.7% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Frozen chicken cut consumption peaked in 2022 and is expected to retain growth in years to come.

Frozen Chicken Cut Production in Mexico

In value terms, frozen chicken cut production dropped to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 82% against the previous year. Frozen chicken cut production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Frozen Chicken Cut Exports

Exports from Mexico

Frozen chicken cut exports from Mexico fell notably to X tons in 2022, dropping by -50% against 2021. Overall, exports showed a significant decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 96%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen chicken cut exports reduced markedly to $X in 2022. Over the period under review, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2014 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X tons) was the main destination for frozen chicken cut exports from Mexico, accounting for a 62% share of total exports. Moreover, frozen chicken cut exports to Ghana exceeded the volume sent to the second major destination, Benin (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Ghana amounted to -19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (-16.8% per year) and the United States (-23.7% per year).

In value terms, Ghana ($X) remains the key foreign market for frozen cuts of chicken exports from Mexico, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 25% share of total exports. It was followed by Hong Kong SAR, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Ghana stood at -22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-20.9% per year) and Hong Kong SAR (-41.2% per year).

Export Prices by Country

In 2022, the average frozen chicken cut export price amounted to $X per ton, leveling off at the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 40%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Angola ($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 Vietnam (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Chicken Cut Imports

Imports into Mexico

In 2022, purchases abroad of frozen cuts of chicken increased by 38% to X tons, rising for the second year in a row after three years of decline. Over the period under review, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.3% 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 +45.9% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 70%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen chicken cut imports soared to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Brazil (X tons) and Chile (X tons) were the main suppliers of frozen chicken cut imports to Mexico.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +24.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest frozen chicken cut suppliers to Mexico were Brazil ($X), the United States ($X) and Chile ($X).

Brazil, with a CAGR of +20.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average frozen chicken cut import price amounted to $X per ton, growing by 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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