Mexico: Frozen Orange Juice Market 2020

Frozen Orange Juice Market Size in Mexico

The revenue of the frozen orange juice market in Mexico amounted to $X in 2018, surging by X% against the previous year. In general, frozen orange juice consumption continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Frozen orange juice consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Frozen Orange Juice Production in Mexico

In value terms, frozen orange juice production amounted to $X in 2018 estimated in export prices. In general, the total output indicated measured growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, frozen orange juice production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2017 when production volume increased by X% against the previous year. Frozen orange juice production peaked in 2018 and is likely to continue its growth in the near future.

Frozen Orange Juice Exports

Exports from Mexico

In 2018, the amount of frozen unconcentrated orange juice exported from Mexico stood at X tons, declining by -X% against the previous year. Overall, frozen orange juice exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, frozen orange juice exports reached their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, frozen orange juice exports stood at $X in 2018. Over the period under review, frozen orange juice exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, frozen orange juice exports attained their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

The U.S. (X tons) was the main destination for frozen orange juice exports from Mexico, accounting for a X% share of total exports. Moreover, frozen orange juice exports to the U.S. exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Japan (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for frozen orange juice exports from Mexico, comprising X% of total frozen orange juice exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2018, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Japan (+X% per year).

Export Prices by Country

The average frozen orange juice export price stood at $X per ton in 2018, increasing by X% against the previous year. In general, the frozen orange juice export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, the average export prices for frozen unconcentrated orange juice reached their maximum in 2018 and is likely to continue its growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2018, the highest prices were recorded for prices to the U.S. ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Spain ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Orange Juice Imports

Imports into Mexico

Frozen orange juice imports into Mexico stood at X tons in 2018, declining by -X% against the previous year. Overall, frozen orange juice imports continue to indicate a deep descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, frozen orange juice imports stood at $X in 2018. Overall, frozen orange juice imports continue to indicate a moderate descent. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. Imports peaked at $X in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons) constituted the largest frozen orange juice supplier to Mexico, accounting for a X% share of total imports. Moreover, frozen orange juice imports from the U.S. exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was occupied by Colombia (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from the U.S. totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Colombia (+X% per year).

In value terms, the largest frozen orange juice suppliers to Mexico were Spain ($X), the U.S. ($X) and Colombia ($X), with a combined X% share of total imports.

Among the main suppliers, Spain (+X% per year) experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average frozen orange juice import price amounted to $X per ton, growing by X% against the previous year. In general, the frozen orange juice import price continues to indicate measured growth. The growth pace was the most rapid in 2011 when the average import price increased by X% against the previous year. In that year, the average import prices for frozen unconcentrated orange juice attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the average import prices for frozen unconcentrated orange juice remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Colombia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Colombia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform