Mexico: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Mexico

The Mexican food manufacture machinery market expanded sharply to $X in 2021, increasing by 10% against the previous year. Overall, consumption, however, showed a slight decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Food Manufacture Machinery Production in Mexico

In value terms, food manufacture machinery production rose modestly to $X in 2021 estimated in export price. Overall, production, however, showed a mild decrease. The growth pace was the most rapid in 2019 with an increase of 28% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Food Manufacture Machinery Exports

Exports from Mexico

In 2021, the amount of machinery for the preparation or manufacture of food or drink exported from Mexico shrank remarkably to X units, which is down by -56.1% against the year before. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 217% against the previous year. The exports peaked at X units in 2020, and then declined remarkably in the following year.

In value terms, food manufacture machinery exports reduced sharply to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 189%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for food manufacture machinery exports from Mexico, with a 94% share of total exports. It was followed by Guatemala (X units), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+17.5% per year) and Ecuador (+77.8% per year).

In value terms, the United States ($X) remains the key foreign market for machinery for the preparation or manufacture of food or drink exports from Mexico, comprising 88% of total exports. The second position in the ranking was held by Ecuador ($X), with a 9.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+63.5% per year) and Guatemala (+7.2% per year).

Export Prices by Country

In 2021, the average food manufacture machinery export price amounted to $X per unit, jumping by 76% against the previous year. Overall, the export price, however, saw a deep contraction. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-8.8%), while the prices for the other major destinations experienced a decline.

Food Manufacture Machinery Imports

Imports into Mexico

In 2021, approx. X units of machinery for the preparation or manufacture of food or drink were imported into Mexico; growing by 160% on the previous year's figure. In general, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery imports skyrocketed to $X in 2021. Overall, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest food manufacture machinery supplier to Mexico, with a 62% share of total imports. Moreover, food manufacture machinery imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Switzerland (X units) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.7% per year) and Switzerland (+22.4% per year).

In value terms, the United States ($X) constituted the largest supplier of machinery for the preparation or manufacture of food or drink to Mexico, comprising 53% of total imports. The second position in the ranking was held by China ($X), with a 9.8% share of total imports. It was followed by Italy, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.5% per year) and Italy (-1.3% per year).

Import Prices by Country

In 2021, the average food manufacture machinery import price amounted to $X per unit, waning by -29.2% against the previous year. In general, the import price saw a pronounced contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 11%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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