Mexico: Meat Dishes Market 2024

Meat Dishes Market Size in Mexico

The Mexican meat dishes market fell modestly to $X in 2022, dropping by -3.2% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Meat dishes consumption peaked at $X in 2021, and then shrank modestly in the following year.

Meat Dishes Production in Mexico

In value terms, meat dishes production totaled $X in 2022 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 -0.2% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 33%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Meat Dishes Exports

Exports from Mexico

In 2022, shipments abroad of meat dishes increased by 58% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 90% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat dishes exports soared to $X in 2022. In general, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for meat dishes exports from Mexico, accounting for a 79% share of total exports. Moreover, meat dishes exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-12.4% per year) and Canada (+10.9% per year).

In value terms, the United States ($X) remains the key foreign market for meat dishes exports from Mexico, comprising 95% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 4.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-7.4% per year) and Canada (+13.7% per year).

Export Prices by Country

In 2022, the average meat dishes export price amounted to $X per ton, with an increase of 3.3% against the previous year. Overall, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2017 when the average export price increased by 243%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Mexico

In 2022, approx. X tons of meat dishes were imported into Mexico; which is down by -33.1% on 2021. In general, imports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of 55%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, meat dishes imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main supplier of meat dishes to Mexico, accounting for a 96% share of total imports. It was followed by Nicaragua (X tons), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (+9.6% per year) and Spain (+9.9% per year).

In value terms, the United States ($X) constituted the largest supplier of meat dishes to Mexico, comprising 97% of total imports. The second position in the ranking was held by Spain ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+10.6% per year) and Nicaragua (+16.5% per year).

Import Prices by Country

The average meat dishes import price stood at $X per ton in 2022, increasing by 58% against the previous year. Overall, the import price saw a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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