Mexico - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeef Meat Price in Mexico Contracts for Four Consecutive Months to $6.3K per Ton
Mexico Beef Export Price per Ton in July 2022
In July 2022, the beef price per ton amounted to $6.3K (FOB, Mexico), with a decrease of -2.7% against the previous month. Overall, the export price recorded a noticeable slump. The pace of growth appeared the most rapid in February 2022 when the average export price increased by 2.1% against the previous month. The export price peaked at $7.4K per ton in March 2022; however, from April 2022 to July 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In July 2022, the country with the highest price was the United States ($6.3K per ton), while the average price for exports to South Korea totaled $5.6K per ton.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.2%), while the prices for the other major destinations experienced a decline.
Mexico Beef Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was meat; of bovine animals, boneless cuts, fresh or chilled ($7.4K per ton), while the average price for exports of meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled ($4.7K per ton) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for the following types: meat; of bovine animals, boneless cuts, frozen (+0.9%), while the prices for the other products experienced more modest paces of growth.
Mexico Beef Exports
Beef exports from Mexico dropped to 23K tons in July 2022, which is down by -6.2% on June 2022 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2022 with an increase of 13% month-to-month. As a result, the exports attained the peak of 30K tons. From June 2022 to July 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, beef exports contracted to $142M (IndexBox estimates) in July 2022. In general, exports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in May 2022 with an increase of 12% against the previous month. As a result, the exports attained the peak of $213M. From June 2022 to July 2022, the growth of the exports remained at a lower figure.
Mexico Beef Exports by Type
Meat; of bovine animals, boneless cuts, fresh or chilled (13K tons), meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled (7.4K tons) and meat; of bovine animals, boneless cuts, frozen (2.1K tons) were the main products of beef exports from Mexico, together accounting for 97% of total exports. Meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen lagged somewhat behind, comprising a further 2.7%.
From January 2022 to July 2022, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen (with a CAGR of +6.3%), while the other products experienced a decline.
In value terms, meat; of bovine animals, boneless cuts, fresh or chilled ($93M) remains the largest type of beef exported from Mexico, comprising 65% of total exports. The second position in the ranking was taken by meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled ($34M), with a 24% share of total exports. It was followed by meat; of bovine animals, boneless cuts, frozen, with an 8.5% share.
From January 2022 to July 2022, the average monthly growth rate of the export volume of meat; of bovine animals, boneless cuts, fresh or chilled totaled -2.6%. With regard to the other exported products, the following average monthly rates of growth were recorded: meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled (-5.8% per month) and meat; of bovine animals, boneless cuts, frozen (-0.6% per month).
Mexico Beef Exports by Country
the United States (22K tons) was the main destination for beef exports from Mexico, with a 97% share of total exports. It was followed by South Korea (676 tons), with a 3% share of total exports.
From January 2022 to July 2022, the average monthly growth rate of volume to the United States amounted to -1.3%.
In value terms, the United States ($138M) remains the key foreign market for beef exports from Mexico, comprising 97% of total exports. The second position in the ranking was taken by South Korea ($3.8M), with a 2.7% share of total exports.
From January 2022 to July 2022, the average monthly growth rate of value to the United States amounted to -3.6%.
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This report provides an in-depth analysis of the beef market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 947 - Buffalo meat
- FCL 867 - Meat of cattle
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
