Mexico: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Mexico

The Mexican market for peel of citrus fruit or melons shrank modestly to $X in 2021, which is down by -3.3% against the previous year. Over the period under review, consumption showed a deep setback. Citrus fruit or melons peel consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Peel Of Citrus Fruit Or Melons in Mexico

In value terms, citrus fruit or melons peel production stood at $X in 2021 estimated in export price. Overall, production, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 18% 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.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Mexico

In 2021, shipments abroad of peel of citrus fruit or melons increased by 13% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 47% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, citrus fruit or melons peel exports reduced rapidly to $X in 2021. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 99% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Denmark (X tons) and Germany (X tons) were the main destinations of citrus fruit or melons peel exports from Mexico, together comprising 79% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +16.9%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Denmark ($X) and Germany ($X) constituted the largest markets for citrus fruit or melons peel exported from Mexico worldwide, with a combined 81% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +19.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for peel of citrus fruit or melons stood at $X per ton in 2021, reducing by -47.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 53% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Denmark ($X per ton), while the average price for exports to Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Mexico

In 2021, approx. X tons of peel of citrus fruit or melons were imported into Mexico; waning by -27.5% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2018 when imports increased by 443%. Over the period under review, imports hit record highs at X tons in 2020, and then fell significantly in the following year.

In value terms, citrus fruit or melons peel imports reduced to $X in 2021. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 359% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Peru (X tons) was the main citrus fruit or melons peel supplier to Mexico, accounting for a 92% share of total imports. Moreover, citrus fruit or melons peel imports from Peru exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Peru amounted to +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+19.7% per year) and the United States (+12.6% per year).

In value terms, Peru ($X) constituted the largest supplier of peel of citrus fruit or melons to Mexico, comprising 91% of total imports. The second position in the ranking was taken by Paraguay ($X), with a 5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Peru totaled +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+12.6% per year) and the United States (+11.2% per year).

Import Prices by Country

In 2021, the average import price for peel of citrus fruit or melons amounted to $X per ton, rising by 18% against the previous year. Overall, the import price, however, recorded a deep setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+10.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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