Mexico: Sausage Market 2024

Sausage Market Size in Mexico

The Mexican sausage market expanded remarkably to $X in 2021, picking up by 6.5% against the previous year. The market value increased at an average annual rate of +5.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sausage consumption peaked in 2021 and is likely to continue growth in the immediate term.

Sausage Production in Mexico

In value terms, sausage production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 16% against the previous year. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in years to come.

Sausage Exports

Exports from Mexico

In 2021, exports of sausages and similar products of meat from Mexico shrank dramatically to X tons, reducing by -64.9% against the previous year's figure. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 72%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sausage exports fell sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 68%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons), the United States (X tons) and El Salvador (X tons) were the main destinations of sausage exports from Mexico, together comprising 91% of total exports.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of -2.6%), while shipments for the other leaders experienced a decline.

In value terms, Guatemala ($X), the United States ($X) and El Salvador ($X) were the largest markets for sausage exported from Mexico worldwide, with a combined 91% share of total exports.

Among the main countries of destination, El Salvador, with a CAGR of -1.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average sausage export price stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and El Salvador ($X per ton), while the average price for exports to Cuba ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sausage Imports

Imports into Mexico

In 2021, sausage imports into Mexico fell modestly to X tons, waning by -2.1% against the previous year's figure. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 35%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, sausage imports soared to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.6% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main supplier of sausage to Mexico, with a 95% share of total imports. Moreover, sausage imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +3.1%.

In value terms, the United States ($X) constituted the largest supplier of sausages and similar products of meat to Mexico, comprising 96% of total imports. The second position in the ranking was taken by Canada ($X), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +7.7%.

Import Prices by Country

In 2021, the average sausage import price amounted to $X per ton, increasing by 28% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada 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 (+4.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :