Mexico: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Mexico

The Mexican homogenised jam and marmalade market soared to $X in 2022, increasing by 16% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Mexico

In value terms, homogenised jam and marmalade production reduced to $X in 2022 estimated in export price. In general, production recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from Mexico

In 2022, shipments abroad of homogenised preparations of jams, fruit jellies and marmalades decreased by -97.3% to X tons, falling for the fourth year in a row after seven years of growth. Overall, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, homogenised jam and marmalade exports contracted notably to $X in 2022. In general, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2014 when exports increased by 41% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for homogenised jam and marmalade exports from Mexico, with a 98% share of total exports. It was followed by Belize (X tons), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at +94.5%.

In value terms, Canada ($X) emerged as the key foreign market for homogenised preparations of jams, fruit jellies and marmalades exports from Mexico, comprising 98% of total exports. The second position in the ranking was taken by Belize ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +99.4%.

Export Prices by Country

The average homogenised jam and marmalade export price stood at $X per ton in 2022, growing by 66% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, homogenised jam and marmalade export price increased by +124.6% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belize ($X per ton), while the average price for exports to Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into Mexico

For the third consecutive year, Mexico recorded decline in purchases abroad of homogenised preparations of jams, fruit jellies and marmalades, which decreased by 0% to X tons in 2022. In general, imports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 6,073%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, homogenised jam and marmalade imports stood at $X in 2022. Overall, imports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 4,756% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X kg), the United States (X kg) and Brazil (X kg) were the main suppliers of homogenised jam and marmalade imports to Mexico, together accounting for 51% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of -3.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest homogenised jam and marmalade suppliers to Mexico were Spain ($X), the United States ($X) and Brazil ($X), together accounting for 48% of total imports.

Brazil, with a CAGR of -20.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average homogenised jam and marmalade import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2013 an increase of 107% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 France ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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