Mexico: Malt Market 2024

Malt Market Size in Mexico

After six years of growth, the Mexican malt market decreased by -5.6% to $X in 2022. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +55.3% against 2013 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Malt Production in Mexico

In value terms, malt production stood at $X in 2022 estimated in export price. In general, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16%. Malt production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Malt Exports

Exports from Mexico

In 2022, exports of malt from Mexico stood at X tons, approximately reflecting the year before. Over the period under review, exports recorded buoyant growth. The growth pace was the most rapid in 2013 with an increase of 179% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, malt exports totaled $X in 2022. Overall, exports recorded a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by 89% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for malt exports from Mexico, accounting for a 97% share of total exports. It was followed by the Netherlands (X tons), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +21.7%.

In value terms, the United States ($X) emerged as the key foreign market for malt exports from Mexico, comprising 88% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +21.9%.

Export Prices by Country

In 2022, the average malt export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, malt export price increased by +90.2% against 2014 indices. The most prominent rate of growth was recorded in 2016 an increase of 35%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.7%).

Malt Imports

Imports into Mexico

In 2022, overseas purchases of malt decreased by -29.3% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, recorded notable growth. The pace of growth was the most pronounced in 2017 with an increase of 31% against the previous year. Imports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, malt imports declined to $X in 2022. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

The United States (X tons), Canada (X tons) and China (X tons) were the main suppliers of malt imports to Mexico, together comprising 63% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +99.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of malt to Mexico, comprising 36% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+20.5% per year) and Belgium (+75.3% per year).

Import Prices by Country

The average malt import price stood at $X per ton in 2022, rising by 22% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+57.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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