Mexico: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Mexico

The Mexican sugary soft drink market totaled $X in 2022, surging by 4.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sugary Soft Drink Production in Mexico

In value terms, sugary soft drink production reached $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 9.3% against the previous year. Sugary soft drink production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Sugary Soft Drink Exports

Exports from Mexico

In 2022, after four years of growth, there was significant decline in shipments abroad of sugary soft drinks, when their volume decreased by -38.2% to X litres. Overall, exports, however, enjoyed temperate growth. The growth pace was the most rapid in 2021 when exports increased by 100% against the previous year. As a result, the exports reached the peak of X litres, and then dropped significantly in the following year.

In value terms, sugary soft drink exports expanded rapidly to $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X litres) was the main destination for sugary soft drink exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +2.3%.

In value terms, the United States ($X) also remains the key foreign market for sugary soft drinks exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +6.0%.

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, growing by 72% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugary soft drink export price decreased by -8.6% against 2018 indices. The export price peaked at $X per litre in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.5% per year.

Sugary Soft Drink Imports

Imports into Mexico

In 2022, approx. X litres of sugary soft drinks were imported into Mexico; which is down by -7.2% against the previous year. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 97% against the previous year. As a result, imports reached the peak of X litres. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sugary soft drink imports rose sharply to $X in 2022. Over the period under review, imports recorded a noticeable downturn. The growth pace was the most rapid in 2013 with an increase of 76%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X litres) was the main sugary soft drink supplier to Mexico, with a 92% share of total imports. Moreover, sugary soft drink imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X litres), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.3% per year) and France (+8.5% per year).

In value terms, the United States ($X) constituted the largest supplier of sugary soft drinks to Mexico, comprising 85% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.3% per year) and France (+7.5% per year).

Import Prices by Country

The average sugary soft drink import price stood at $X per litre in 2022, surging by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 26%. The import price peaked at $X per litre in 2019; however, from 2020 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 Italy ($X per litre), while the price for the United States ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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