Mexico: Preserved Cows Meat Market 2025

Preserved Cows Meat Market Size in Mexico

In 2021, the Mexican preserved cows meat market increased by 2.1% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Preserved Cows Meat Production in Mexico

In value terms, preserved cows meat production amounted to $X in 2021 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 60% against the previous year. Preserved cows meat production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Preserved Cows Meat Exports

Exports from Mexico

Preserved cows meat exports from Mexico reduced markedly to X tons in 2021, declining by -56.7% on the previous year's figure. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 50%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved cows meat exports dropped notably to $X in 2021. Over the period under review, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 84%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for preserved cows meat exports from Mexico, accounting for a approx. 100% share of total exports.

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

In value terms, the United States ($X) also remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -3.2%.

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2021, growing by 38% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved cows meat export price increased by +31.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 65% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

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 +4.3% per year.

Preserved Cows Meat Imports

Imports into Mexico

In 2021, purchases abroad of prepared or preserved meat or offal of bovine animals increased by 4.8% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 39% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved cows meat imports totaled $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.1% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 65%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Nicaragua (X tons) and Costa Rica (X tons) were the main suppliers of preserved cows meat imports to Mexico.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +7.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to Mexico, comprising 74% of total imports. The second position in the ranking was taken by Nicaragua ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (+11.1% per year) and Costa Rica (-10.4% per year).

Import Prices by Country

The average preserved cows meat import price stood at $X per ton in 2021, almost unchanged from the previous year. In general, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved cows meat import price decreased by -0.8% against 2015 indices. The growth pace was the most rapid in 2015 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average 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 ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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