Mexico: Mate Market 2025

Mate Market Size in Mexico

The Mexican mate market skyrocketed to $X in 2022, jumping by 80% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate buoyant growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Mate Exports

Exports from Mexico

In 2014, exports of mate from Mexico skyrocketed to X kg, rising by 219% compared with the year before. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mate exports skyrocketed to $X in 2014. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X kg) was the main destination for mate exports from Mexico, with a 95% share of total exports. Moreover, mate exports to the United States exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2013 to 2014, the average annual growth rate of volume to the United States totaled +270.5%.

In value terms, the United States ($X) remains the key foreign market for mate exports from Mexico, comprising 94% of total exports. The second position in the ranking was taken by Canada ($X), with a 5.6% share of total exports.

From 2013 to 2014, the average annual rate of growth in terms of value to the United States stood at +612.7%.

Export Prices by Country

In 2014, the average mate export price amounted to $X per ton, growing by 72% against the previous year. Over the period under review, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2014, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2013 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+92.4%).

Mate Imports

Imports into Mexico

In 2022, approx. X tons of mate were imported into Mexico; jumping by 81% against 2021 figures. Overall, imports continue to indicate strong growth. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mate imports skyrocketed to $X in 2022. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 99.9%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Brazil (X tons) and Uruguay (X tons) were the main suppliers of mate imports to Mexico, with a combined 95% share of total imports. Paraguay and the United States lagged somewhat behind, together comprising a further 5.4%.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of +57.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constituted the largest supplier of mate to Mexico, comprising 60% of total imports. The second position in the ranking was held by Brazil ($X), with a 26% share of total imports. It was followed by Uruguay, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from Argentina stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+13.0% per year) and Uruguay (+8.1% per year).

Import Prices by Country

In 2022, the average mate import price amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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