Mexico: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Mexico

After four years of growth, the Mexican uncooked pasta market decreased by -0.9% to $X in 2021. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Uncooked Pasta Production in Mexico

In value terms, uncooked pasta production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 11% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Uncooked Pasta Exports

Exports from Mexico

In 2021, exports of uncooked pasta from Mexico fell rapidly to X tons, waning by -62.8% on the previous year. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, uncooked pasta exports shrank rapidly to $X in 2021. Over the period under review, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 40%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for uncooked pasta exports from Mexico, accounting for a 49% share of total exports. Moreover, uncooked pasta exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), twofold. Colombia (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-2.3% per year) and Colombia (+4.2% per year).

In value terms, the largest markets for uncooked pasta exported from Mexico were the United States ($X), Guatemala ($X) and Colombia ($X), together accounting for 89% of total exports.

Colombia, with a CAGR of +3.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average uncooked pasta export price stood at $X per ton in 2021, declining by -3.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 11%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then reduced modestly in the following year.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to Guatemala ($X per ton) and Colombia ($X per ton), while the average price for exports to the United States ($X per ton) and Trinidad and Tobago ($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 Guatemala (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Mexico

In 2021, after two years of decline, there was significant growth in overseas purchases of uncooked pasta, when their volume increased by 29% to X tons. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, uncooked pasta imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), the United States (X tons) and Turkey (X tons) were the main suppliers of uncooked pasta imports to Mexico, with a combined 54% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +19.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), the United States ($X) and China ($X) were the largest uncooked pasta suppliers to Mexico, together accounting for 60% of total imports. These countries were followed by Turkey, Spain, France and Guatemala, which together accounted for a further 7.2%.

In terms of the main suppliers, Turkey, with a CAGR of +38.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average uncooked pasta import price amounted to $X per ton, with an increase of 6.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 6.9% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :