Mexico: Meat Dishes Market 2024

Meat Dishes Market Size in Mexico

The Mexican meat dishes market declined slightly to $X in 2023, dropping by X% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Meat Dishes Production in Mexico

In value terms, meat dishes production declined to $X in 2023 estimated in export price. In general, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Meat dishes production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Meat Dishes Exports

Exports from Mexico

In 2023, shipments abroad of meat dishes increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports posted moderate growth. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, meat dishes exports soared to $X in 2023. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The exports peaked in 2023 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons), Cuba (X tons) and Guatemala (X tons) were the main destinations of meat dishes exports from Mexico, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for meat dishes exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Guatemala, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Guatemala (X% per year).

Export Prices by Country

In 2023, the average meat dishes export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Mexico

In 2023, the amount of meat dishes imported into Mexico rose notably to X tons, picking up by X% against the previous year's figure. In general, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, meat dishes imports soared to $X in 2023. Overall, total imports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, the United States (X tons) was the main supplier of meat dishes to Mexico, with a X% share of total imports. It was followed by Chile (X tons), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and China (X% per year).

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

From 2012 to 2023, 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: Chile (X% per year) and China (X% per year).

Import Prices by Country

The average meat dishes import price stood at $X per ton in 2023, surging by X% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, meat dishes import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2023, 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