Mexico: Vinegar-Preserved Vegetable Market 2024

Vinegar-Preserved Vegetable Market Size in Mexico

The Mexican vinegar-preserved vegetable market fell dramatically to $X in 2022, with a decrease of -43.7% against the previous year. Over the period under review, consumption, however, posted a significant increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Vinegar-Preserved Vegetable Production in Mexico

In value terms, vinegar-preserved vegetable production reached $X in 2022 estimated in export price. In general, production saw a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 77%. Vinegar-preserved vegetable production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Vinegar-Preserved Vegetable Exports

Exports from Mexico

In 2022, approx. X tons of vegetables in vinegar other than potatoes were exported from Mexico; jumping by 92% against 2021 figures. In general, exports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 780%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, vinegar-preserved vegetable exports surged to $X in 2022. Overall, exports enjoyed a mild increase. The pace of growth appeared the most rapid in 2017 with an increase of 909% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for vinegar-preserved vegetable exports from Mexico, accounting for a 84% share of total exports. Moreover, vinegar-preserved vegetable exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.7% per year) and the UK (-3.9% per year).

In value terms, the United States ($X) remains the key foreign market for vegetables in vinegar other than potatoes exports from Mexico, comprising 81% of total exports. The second position in the ranking was held by Germany ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.0% per year) and the UK (+3.0% per year).

Export Prices by Country

The average vinegar-preserved vegetable export price stood at $X per ton in 2022, jumping by 18% against the previous year. Overall, the export price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 62% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar-Preserved Vegetable Imports

Imports into Mexico

In 2022, supplies from abroad of vegetables in vinegar other than potatoes increased by 102% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vinegar-preserved vegetable imports skyrocketed to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of vinegar-preserved vegetable to Mexico, with a 89% share of total imports. Moreover, vinegar-preserved vegetable imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was held by Greece (X tons), with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-2.3% per year) and Greece (-6.9% per year).

In value terms, the United States ($X) constituted the largest supplier of vegetables in vinegar other than potatoes to Mexico, comprising 69% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by Greece, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-2.8% per year) and Greece (-3.0% per year).

Import Prices by Country

The average vinegar-preserved vegetable import price stood at $X per ton in 2022, shrinking by -36.8% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by 40%. The import price peaked 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 Greece ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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