Mexico: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Mexico

The Mexican fruit or nut preserves market rose notably to $X in 2021, increasing by 8.5% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.0% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Mexico

In value terms, fruit or nut preserves production amounted to $X in 2021 estimated in export price. Over the period under review, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 53% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Mexico

Fruit or nut preserves exports from Mexico soared to X tons in 2021, with an increase of 43% against 2020 figures. Over the period under review, exports, however, saw a abrupt shrinkage. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, fruit or nut preserves exports declined to $X in 2021. In general, exports, however, continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for fruit or nut preserves exports from Mexico, accounting for a 86% share of total exports. Moreover, fruit or nut preserves exports to the United States exceeded the volume sent to the second major destination, Switzerland (X tons), more than tenfold. The third position in this ranking was held by Guatemala (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+135.5% per year) and Guatemala (-1.3% per year).

In value terms, the United States ($X) remains the key foreign market for jams, marmalades, fruit jellies, fruit or nut purees and pastes exports from Mexico, comprising 92% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 2.5% share of total exports. It was followed by Switzerland, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-0.5% per year) and Switzerland (+115.4% per year).

Export Prices by Country

In 2021, the average fruit or nut preserves export price amounted to $X per ton, shrinking by -31.4% against the previous year. Over the period under review, the export price, however, enjoyed a tangible increase. The growth pace was the most rapid in 2016 an increase of 80% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 South Korea (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Mexico

In 2021, fruit or nut preserves imports into Mexico surged to X tons, increasing by 89% against the year before. In general, imports, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2019 when imports increased by 402%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, fruit or nut preserves imports reduced to $X in 2021. Over the period under review, imports, however, recorded a perceptible slump. The growth pace was the most rapid in 2019 with an increase of 182% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Chile (X tons) constituted the largest supplier of fruit or nut preserves to Mexico, accounting for a 78% share of total imports. Moreover, fruit or nut preserves imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from Chile stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.9% per year) and Spain (+0.9% per year).

In value terms, Chile ($X), the United States ($X) and Spain ($X) appeared to be the largest fruit or nut preserves suppliers to Mexico, with a combined 95% share of total imports.

Among the main suppliers, the United States, with a CAGR of +2.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average fruit or nut preserves import price stood at $X per ton in 2021, shrinking by -52.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 333%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+50.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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