Mexico: Frozen Fruit Market 2022

Frozen Fruit Market Size in Mexico

The Mexican frozen fruit market contracted to $X in 2021, with a decrease of -X% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Frozen fruit consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Frozen Fruit Production in Mexico

In value terms, frozen fruit production fell slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Frozen fruit production peaked at $X in 2020, and then contracted in the following year.

Frozen Fruit Exports

Exports from Mexico

In 2021, shipments abroad of frozen fruits increased by X% to X tons, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, frozen fruit exports surged to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for frozen fruit exports from Mexico, accounting for a X% share of total exports. Moreover, frozen fruit exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +X%.

In value terms, the United States ($X) remains the key foreign market for frozen fruit exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +X%.

Export Prices by Country

In 2021, the average frozen fruit export price amounted to $X per ton, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%).

Frozen Fruit Imports

Imports into Mexico

In 2021, imports of frozen fruits into Mexico dropped dramatically to X tons, reducing by -X% compared with 2020. Over the period under review, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen fruit imports fell rapidly to $X in 2021. In general, imports recorded a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of frozen fruit to Mexico, with a X% share of total imports. Moreover, frozen fruit imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Chile (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Chile (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of frozen fruit to Mexico, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Chile (-X% per year).

Import Prices by Country

In 2021, the average frozen fruit import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen fruit import price increased by +X% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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