Mexico: Meat And Poultry Market 2024

Meat And Poultry Market Size in Mexico

The Mexican meat and poultry market rose slightly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. Meat and poultry consumption peaked in 2022 and is likely to continue growth in the near future.

Meat And Poultry Production in Mexico

In value terms, meat and poultry production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Meat and poultry production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average yield of meat and poultry in Mexico totaled X kg per head, approximately mirroring 2021. Overall, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the average meat and poultry yield attained the peak level at X kg per head in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for meat and poultry production in Mexico; remaining constant against 2021. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat and poultry production peaked at X heads in 2021, and then fell slightly in the following year.

Meat And Poultry Exports

Exports from Mexico

In 2022, shipments abroad of meat and poultry decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, meat and poultry exports shrank modestly to $X in 2022. In general, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped slightly in the following year.

Exports by Country

The United States (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of meat and poultry exports from Mexico, with a combined X% share of total exports. These countries were followed by China, which accounted for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, remaining stable against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat and poultry export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Meat And Poultry Imports

Imports into Mexico

In 2022, overseas purchases of meat and poultry increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, meat and poultry imports surged to $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest meat and poultry supplier to Mexico, with a X% share of total imports. Moreover, meat and poultry imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), tenfold.

From 2012 to 2022, 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: Canada (X% per year) and Brazil (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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