Report Update Nov 1, 2024

Mexico - Sauces and Seasonings - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Mexico

The Mexican sauce and seasoning market shrank modestly to $X in 2021, with a decrease of -4% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Sauce And Seasoning Production in Mexico

In value terms, sauce and seasoning production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 52% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Sauce And Seasoning Exports

Exports from Mexico

In 2021, exports of sauces and seasonings from Mexico surged to X tons, growing by 44% on the previous year. In general, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.4% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sauce and seasoning exports contracted slightly to $X in 2021. Overall, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.6% against 2012 indices. The pace of growth was the most pronounced in 2018 when exports increased by 20% against the previous year. The exports peaked at $X in 2020, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for sauce and seasoning exports from Mexico, accounting for a approx. 92% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +7.1%.

In value terms, the United States ($X) also remains the key foreign market for sauces and seasonings exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +8.4%.

Export Prices by Country

In 2021, the average sauce and seasoning export price amounted to $X per ton, reducing by -32.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +1.2% per year.

Sauce And Seasoning Imports

Imports into Mexico

In 2021, imports of sauces and seasonings into Mexico soared to X tons, picking up by 25% on 2020. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sauce and seasoning imports soared to $X in 2021. The total import value increased at an average annual rate of +6.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 32%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, the United States (X tons) was the main sauce and seasoning supplier to Mexico, accounting for a 94% share of total imports. It was followed by China (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +4.3%.

In value terms, the United States ($X) constituted the largest supplier of sauces and seasonings to Mexico, comprising 93% of total imports. The second position in the ranking was held by China ($X), with a 1.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +6.8%.

Import Prices by Country

The average sauce and seasoning import price stood at $X per ton in 2021, shrinking by -4.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2014 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared mustard in the world?

The country with the largest volume of prepared mustard consumption was China, comprising approx. 14% of total volume. Moreover, prepared mustard consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of prepared mustard in the world?

The countries with the highest volumes of prepared mustard production in 2021 were China, the United States and India, together comprising 27% of global production. These countries were followed by Pakistan, Japan, Nigeria, Bangladesh, Brazil, Indonesia, Russia, France, Ethiopia and Germany, which together accounted for a further 29%.

What are the leading suppliers of prepared mustard to Mexico?

In value terms, the United States constituted the largest supplier of prepared mustard to Mexico, comprising 76% of total imports. The second position in the ranking was occupied by France, with a 12% share of total imports.

What are the leading importers of prepared mustard from Mexico?

In value terms, the largest markets for prepared mustard exported from Mexico were Argentina, the United States and Uruguay, with a combined 71% share of total exports. These countries were followed by Peru, Chile, Brazil, Guatemala and Colombia, which together accounted for a further 23%.

What is the average export price for prepared mustard in Mexico?

The average prepared mustard export price stood at $2,429 per ton in 2021, growing by 35% against the previous year.

What is the average import price for prepared mustard in Mexico?

The average prepared mustard import price stood at $1,563 per ton in 2021, waning by -38% against the previous year.

This report provides an in-depth analysis of the sauce and seasoning market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10841210 - Soya sauce
Prodcom 10841230 - Tomato ketchup and other tomato sauces
Prodcom 10841253 - Mustard flour and meal
Prodcom 10841255 - Prepared mustard
Prodcom 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023