Mexico: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Mexico

After five years of growth, the Mexican rusks and toasted bread market decreased by -8.2% to $X in 2021. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.8% against 2015 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Mexico

In value terms, rusks and toasted bread production dropped to $X in 2021 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.8% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 24% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Mexico

In 2021, overseas shipments of rusks, toasted bread and similar toasted products increased by 63% to X tons, rising for the second year in a row after five years of decline. In general, total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% 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 +70.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rusks and toasted bread exports rose remarkably to $X in 2021. Overall, exports, however, saw a slight reduction. The pace of growth was the most pronounced in 2013 when exports increased by 15%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for rusks and toasted bread exports from Mexico, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +2.1%.

In value terms, the United States ($X) also remains the key foreign market for rusks, toasted bread and similar toasted products exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2021, shrinking by -30% against the previous year. Over the period under review, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 11%. 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 -2.2% per year.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Mexico

Rusks and toasted bread imports into Mexico was estimated at X tons in 2021, picking up by 13% on the previous year. Overall, imports, however, showed a slight decrease. The pace of growth was the most pronounced in 2014 when imports increased by 36%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, rusks and toasted bread imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest rusks and toasted bread supplier to Mexico, accounting for a 86% share of total imports. Moreover, rusks and toasted bread imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-12.7% per year) and Canada (-4.1% per year).

In value terms, the United States ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to Mexico, comprising 85% of total imports. The second position in the ranking was taken by Spain ($X), with a 9.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-12.8% per year) and Canada (+1.0% per year).

Import Prices by Country

The average rusks and toasted bread import price stood at $X per ton in 2021, increasing by 7.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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