Mexico: Pulses Market 2024

Pulses Market Size in Mexico

In 2022, the Mexican pulses market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a pronounced descent. Pulses consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Pulses Production in Mexico

In value terms, pulses production expanded slightly to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average pulses yield in Mexico dropped to X kg per ha, with a decrease of X% on the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The pulses yield peaked at X kg per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the pulses harvested area in Mexico fell modestly to X ha, declining by X% against 2021. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the harvested area increased by X%. The pulses harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Pulses Exports

Exports from Mexico

In 2022, overseas shipments of pulses decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, pulses exports rose sharply to $X in 2022. Over the period under review, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria (X tons), the United States (X tons) and Turkey (X tons) were the main destinations of pulses exports from Mexico, with a combined X% share of total exports. Cuba, Spain and Peru lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), the United States ($X) and Turkey ($X) constituted the largest markets for pulses exported from Mexico worldwide, with a combined X% share of total exports. Cuba, Spain and Peru lagged somewhat behind, together accounting for a further X%.

Cuba, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pulses export price amounted to $X per ton, growing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Algeria ($X per ton), while the average price for exports to the United States ($X per ton) and Cuba ($X per ton) were amongst the lowest.

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

Pulses Imports

Imports into Mexico

In 2022, after two years of growth, there was significant decline in purchases abroad of pulses, when their volume decreased by X% to X tons. In general, imports recorded a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, pulses imports shrank notably to $X in 2022. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest pulses supplier to Mexico, accounting for a X% share of total imports. Moreover, pulses imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%.

In value terms, the United States ($X) constituted the largest supplier of pulses to Mexico, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%.

Import Prices by Country

In 2022, the average pulses import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably 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 Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :