Mexico: Root And Tuber Market 2024

Root And Tuber Market Size in Mexico

The Mexican root and tuber market reduced to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Root And Tuber Production in Mexico

In value terms, root and tuber production amounted to $X in 2022 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of roots and tubers in Mexico was estimated at X tons per ha in 2022, approximately mirroring the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The root and tuber yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of roots and tubers were harvested in Mexico; remaining constant against 2021 figures. Over the period under review, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to root and tuber production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Root And Tuber Exports

Exports from Mexico

In 2022, the amount of roots and tubers exported from Mexico surged to X tons, with an increase of X% compared with 2021. Over the period under review, exports posted a perceptible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber exports soared to $X in 2022. In general, exports enjoyed a prominent 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 root and tuber exports from Mexico, with a X% share of total exports. It was followed by Belize (X tons), with a X% share of total exports.

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

In value terms, the United States ($X) remains the key foreign market for roots and tubers exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Belize ($X), with a X% share of total exports.

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

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belize amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Root And Tuber Imports

Imports into Mexico

Root and tuber imports into Mexico expanded modestly to X tons in 2022, picking up by X% on 2021. Overall, imports enjoyed a tangible increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, root and tuber imports soared to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the United States (X tons) was the main root and tuber supplier to Mexico, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of roots and tubers to Mexico.

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

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, root and tuber import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

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