Mexico: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Mexico

The Mexican spirits and liqueurs market was estimated at $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Spirits And Liqueurs Production in Mexico

In value terms, spirits and liqueurs production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion 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 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Spirits and liqueurs production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Spirits And Liqueurs Exports

Exports from Mexico

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages decreased by X% to X litres, falling for the second year in a row after three years of growth. Overall, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X litres in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, spirits and liqueurs exports surged to $X in 2022. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X litres) was the main destination for spirits and liqueurs exports from Mexico, accounting for a X% share of total exports. It was followed by Colombia (X litres), with a X% share of total exports. The third position in this ranking was held by Costa Rica (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Costa Rica (X% per year).

In value terms, the United States ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Panama (X% per year).

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, jumping by X% against the previous year. Overall, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Costa Rica ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spirits And Liqueurs Imports

Imports into Mexico

In 2022, supplies from abroad of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X litres in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, spirits and liqueurs imports skyrocketed to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of spirits and liqueurs to Mexico, accounting for a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X litres), threefold. Spain (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Mexico, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, with an increase of X% against the previous year. In general, the import price, however, showed a slight decrease. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, import price reached the peak level of $X per litre. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for the United States ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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