Mexico: Frozen Poultry Liver Market 2024

Frozen Poultry Liver Market Size in Mexico

In 2022, the Mexican frozen poultry liver market increased by 27% to $X, rising for the second year in a row after four years of decline. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +36.7% against 2020 indices. Frozen poultry liver consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Frozen Poultry Liver Production in Mexico

In value terms, frozen poultry liver production fell to $X in 2022 estimated in export price. Overall, production faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 30%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Frozen Poultry Liver Exports

Exports from Mexico

In 2022, exports of frozen poultry livers and offal from Mexico skyrocketed to X tons, jumping by 649% on the previous year's figure. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen poultry liver exports surged to $X in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) and Benin (X tons) were the main destinations of frozen poultry liver exports from Mexico.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +79.5%).

In value terms, the United States ($X) remains the key foreign market for frozen poultry livers and offal exports from Mexico, comprising 78% of total exports. The second position in the ranking was taken by Benin ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +69.7%.

Export Prices by Country

The average frozen poultry liver export price stood at $X per ton in 2022, growing by 13% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 17%. The export price peaked at $X per ton in 2016; afterwards, it flattened through to 2022.

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 Benin amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.7%), while the prices for the other major destinations experienced a decline.

Frozen Poultry Liver Imports

Imports into Mexico

In 2022, the amount of frozen poultry livers and offal imported into Mexico soared to X tons, jumping by 35% on the previous year. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 117% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen poultry liver imports soared to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +89.6%), while imports for the other leaders experienced a decline.

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

Brazil, with a CAGR of +90.1%, recorded 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 poultry liver import price amounted to $X per ton, rising by 25% against the previous year. Over the period under review, the import price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 338% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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