Mexico: Groundnuts Market 2025

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

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