Mexico: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Mexico

In 2021, the Mexican market for starch other than wheat, corn or potato decreased by -X% to $X, falling for the second year in a row after six years of growth. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +X% 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 decreased by -X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Starch other than Wheat, Corn or Potato in Mexico

In value terms, production of starch other than wheat, corn or potato soared to $X in 2021 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Starch other than Wheat, Corn or Potato

Exports from Mexico

In 2021, after two years of growth, there was significant decline in shipments abroad of starch other than wheat, corn or potato, when their volume decreased by -X% to X tons. Over the period under review, exports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of starch other than wheat, corn or potato contracted rapidly to $X in 2021. In general, exports, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons) was the main destination for exports of starch other than wheat, corn or potato from Mexico, with a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to Guatemala exceeded the volume sent to the second major destination, the United States (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guatemala stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

In value terms, Guatemala ($X) remains the key foreign market for starch other than wheat, corn or potato exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Guatemala amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

Export Prices by Country

The average export price for starch other than wheat, corn or potato stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price saw a temperate expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

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

Imports of Starch other than Wheat, Corn or Potato

Imports into Mexico

After four years of growth, overseas purchases of starch other than wheat, corn or potato decreased by -X% to X tons in 2021. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, imports of starch other than wheat, corn or potato declined remarkably to $X in 2021. In general, imports, however, showed pronounced growth. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2021, Nicaragua (X tons) constituted the largest starch other than wheat, corn or potato supplier to Mexico, with a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Nicaragua exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was held by Thailand (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Nicaragua totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Thailand (-X% per year).

In value terms, Nicaragua ($X) constituted the largest supplier of starch other than wheat, corn or potato to Mexico, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Nicaragua amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the United States (-X% per year).

Import Prices by Country

In 2021, the average import price for starch other than wheat, corn or potato amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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