Mexico: Canned Meat Market 2025

Canned Meat Market Size in Mexico

The Mexican canned meat market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Canned Meat Production in Mexico

In value terms, canned meat production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 35% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Canned Meat Exports

Exports from Mexico

In 2021, overseas shipments of canned meat decreased by -39.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 29%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, canned meat exports fell to $X in 2021. In general, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -17.6% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for canned meat exports from Mexico, accounting for a 97% share of total exports. It was followed by Guatemala (X tons), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) remains the key foreign market for canned meat exports from Mexico, comprising 98% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +5.8%.

Export Prices by Country

The average canned meat export price stood at $X per ton in 2021, jumping by 51% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, canned meat export price increased by +75.1% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.9%).

Canned Meat Imports

Imports into Mexico

In 2021, the amount of canned meat imported into Mexico shrank remarkably to X tons, waning by -16.1% on the previous year. Overall, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 20%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, canned meat imports shrank to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 22%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main canned meat supplier to Mexico, accounting for a 95% share of total imports. Moreover, canned meat imports from the United States exceeded the figures recorded by the second-largest supplier, Nicaragua (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -3.4%.

In value terms, the United States ($X) constituted the largest supplier of canned meat to Mexico, comprising 97% of total imports. The second position in the ranking was held by Nicaragua ($X), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

The average canned meat import price stood at $X per ton in 2021, growing by 3.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2013 an increase of 10% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Nicaragua amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nicaragua (+4.8%).

Source: IndexBox Platform

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