Report Update Nov 1, 2024

Mexico - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Groundnuts Market 2024

Groundnuts Market Size in Mexico

The Mexican groundnuts market expanded to $X in 2022, increasing by 2.2% against the previous year. In general, consumption, however, saw a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Groundnuts Production in Mexico

In value terms, groundnuts production rose modestly to $X in 2022 estimated in export price. Over the period under review, production showed a drastic downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 43%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of ground-nut (in-shell) in Mexico declined modestly to X tons per ha, approximately mirroring the year before. Overall, the yield saw a slight descent. The pace of growth appeared the most rapid in 2016 when the yield increased by 6.3%. The groundnuts yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of ground-nut (in-shell) were harvested in Mexico; flattening at the previous year's figure. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by 25% against the previous year. Over the period under review, the harvested area dedicated to groundnuts production reached the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Groundnuts Exports

Exports from Mexico

Groundnuts exports from Mexico skyrocketed to X tons in 2022, jumping by 277% against the previous year's figure. Overall, exports, however, recorded a pronounced setback. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, groundnuts exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt slump. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for groundnuts exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -2.8%.

In value terms, the United States ($X) also remains the key foreign market for ground-nut (in-shell) exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -11.4%.

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, declining by -20.8% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average export price decreased by -11.8%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -8.9% per year.

Groundnuts Imports

Imports into Mexico

In 2022, groundnuts imports into Mexico soared to X tons, jumping by 163% on the year before. Overall, imports enjoyed modest growth. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, groundnuts imports skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons) and China (X tons) were the main suppliers of groundnuts imports to Mexico.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +3.5%).

In value terms, the largest groundnuts suppliers to Mexico were the United States ($X) and China ($X).

In terms of the main suppliers, the United States, with a CAGR of +1.3%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, showed a mild reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 5.4% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ground-nut (in-shell) in the world?

The countries with the highest volumes of groundnuts consumption in 2020 were China, India and Nigeria, together accounting for 61% of global consumption. Sudan, the United States, Senegal, Myanmar, Argentina, Guinea, Indonesia and Chad lagged somewhat behind, together comprising a further 24%.

What are the largest producers of ground-nut (in-shell) in the world?

The countries with the highest volumes of groundnuts production in 2020 were China, India and Nigeria, with a combined 60% share of global production. The United States, Sudan, Senegal, Myanmar, Argentina, Guinea, Indonesia and Chad lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of ground-nut (in-shell) to Mexico?

In value terms, China constituted the largest supplier of groundnuts to Mexico, comprising 86% of total imports. The second position in the ranking was occupied by the United States, with a 14% share of total imports.

What are the leading importers of ground-nut (in-shell) from Mexico?

In value terms, Canada remains the key foreign market for groundnuts exports from Mexico, comprising 86% of total exports. The second position in the ranking was occupied by Antigua and Barbuda, with a 14% share of total exports.

What is the average export price for ground-nut (in-shell) in Mexico?

The average groundnuts export price stood at $2,741 per ton in 2020, increasing by 10% against the previous year.

What is the average import price for ground-nut (in-shell) in Mexico?

The average groundnuts import price stood at $1,431 per ton in 2020, rising by 22% against the previous year.

This report provides an in-depth analysis of the groundnuts market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 242 - Groundnuts, in shell

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023