Mexico: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Mexico

In 2021, the Mexican non-wheat groats market decreased by -4.3% to $X, falling for the sixth year in a row after four years of growth. In general, consumption continues to indicate a abrupt downturn. Non-wheat groats consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Non-Wheat Groats Production in Mexico

In value terms, non-wheat groats production rose significantly to $X in 2021 estimated in export price. Overall, production saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 8.2% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Non-Wheat Groats Exports

Exports from Mexico

In 2021, shipments abroad of groats and meal of cereals (excluding wheat) decreased by -4.1% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 339%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then declined modestly in the following year.

In value terms, non-wheat groats exports declined dramatically to $X in 2021. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 264% against the previous year. The exports peaked at $X in 2020, and then reduced notably in the following year.

Exports by Country

The United States (X tons) was the main destination for non-wheat groats exports from Mexico, accounting for a 71% share of total exports. Moreover, non-wheat groats exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), fourfold. The third position in this ranking was taken by Canada (X tons), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +104.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+83.8% per year) and Canada (+44.7% per year).

In value terms, the United States ($X) remains the key foreign market for groats and meal of cereals (excluding wheat) exports from Mexico, comprising 68% of total exports. The second position in the ranking was held by Guatemala ($X), with a 20% share of total exports. It was followed by Canada, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +64.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+57.7% per year) and Canada (+34.9% per year).

Export Prices by Country

In 2021, the average non-wheat groats export price amounted to $X per ton, with a decrease of -15.1% against the previous year. Over the period under review, the export price faced a abrupt decline. The pace of growth was the most pronounced in 2013 when the average export price increased by 20%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-6.8%), while the prices for the other major destinations experienced a decline.

Non-Wheat Groats Imports

Imports into Mexico

In 2021, the amount of groats and meal of cereals (excluding wheat) imported into Mexico fell dramatically to X tons, shrinking by -55.7% on the previous year. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 19% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat groats imports declined significantly to $X in 2021. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main non-wheat groats supplier to Mexico, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -9.2%.

In value terms, the United States ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Mexico.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -11.0%.

Import Prices by Country

In 2021, the average non-wheat groats import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price showed a noticeable contraction. The growth pace was the most rapid in 2013 when the average import price increased by 8.1%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -2.0% per year.

Source: IndexBox Platform

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