Mexico: Confectionery Market 2024

Confectionery Market Size in Mexico

In 2022, the Mexican confectionery market decreased by X% to $X, falling for the fourth consecutive year after four years of growth. In general, the total consumption indicated a moderate increase 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, consumption decreased by X% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Confectionery Production in Mexico

In value terms, confectionery production declined modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant 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 growth pace was the most rapid in 2016 with an increase of X%. Confectionery production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Confectionery Exports

Exports from Mexico

In 2022, approx. X tons of confectionery were exported from Mexico; growing by X% on the previous year's figure. In general, exports recorded a pronounced increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, confectionery exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 confectionery exports from Mexico, with a X% share of total exports. It was followed by Canada (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 totaled X%.

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

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

Export Prices by Country

The average confectionery export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price showed slight growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States totaled $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%).

Confectionery Imports

Imports into Mexico

In 2022, overseas purchases of confectionery increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a mild shrinkage. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, confectionery imports rose significantly to $X in 2022. Overall, imports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of confectionery to Mexico, with a X% share of total imports. Moreover, confectionery imports from the United States exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), sixfold. The third position in this ranking was taken by Canada (X tons), with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of confectionery to Mexico, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

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

Import Prices by Country

In 2022, the average confectionery import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, showed a noticeable descent. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, 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 Germany ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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