Mexico: Maize Starch Market 2025

Maize Starch Market Size in Mexico

The Mexican maize starch market rose markedly to $X in 2021, increasing by 6.4% against the previous year. In general, consumption enjoyed a resilient increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Maize Starch Production in Mexico

In value terms, maize starch production amounted to $X in 2021 estimated in export price. In general, production posted a resilient expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 53%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Maize Starch Exports

Exports from Mexico

In 2021, the amount of maize (corn) starch exported from Mexico soared to X tons, picking up by 40% against the previous year. Overall, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 198%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, maize starch exports soared to $X in 2021. In general, exports, however, saw a abrupt decline. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for maize starch exports from Mexico, accounting for a 98% share of total exports. It was followed by El Salvador (X tons), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +31.0%.

In value terms, the United States ($X) remains the key foreign market for maize (corn) starch exports from Mexico, comprising 98% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +18.5%.

Export Prices by Country

The average maize starch export price stood at $X per ton in 2021, with an increase of 59% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to El Salvador totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Starch Imports

Imports into Mexico

In 2021, purchases abroad of maize (corn) starch increased by 36% to X tons, rising for the sixth year in a row after three years of decline. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 79%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, maize starch imports surged to $X in 2021. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 65% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, the United States (X tons) was the main maize starch supplier to Mexico, with a 99% share of total imports. It was followed by Brazil (X tons), with a 0.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +11.6%.

In value terms, the United States ($X) constituted the largest supplier of maize (corn) starch to Mexico, comprising 99% of total imports. The second position in the ranking was held by Brazil ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +8.6%.

Import Prices by Country

The average maize starch import price stood at $X per ton in 2021, reducing by -15.3% against the previous year. Overall, the import price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably 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 Brazil amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.7%).

Source: IndexBox Platform

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