Non-Liquid Margarine Price in Mexico - 2023
Contents:
- Non-Liquid Margarine Price in Mexico (CIF) - 2023
- Non-Liquid Margarine Price in Mexico (FOB) - 2023
- Non-Liquid Margarine Imports in Mexico
- Non-Liquid Margarine Exports in Mexico
Non-Liquid Margarine Price in Mexico (CIF) - 2023
In June 2023, the average non-liquid margarine import price amounted to $2,682 per ton, remaining stable against the previous month. Overall, the import price continues to indicate a modest increase. The pace of growth appeared the most rapid in September 2022 an increase of 5.4% month-to-month. Over the period under review, average import prices reached the peak figure at $2,817 per ton in December 2022; however, from January 2023 to June 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +1.0% per month.
Non-Liquid Margarine Price in Mexico (FOB) - 2023
In June 2023, the average non-liquid margarine export price amounted to $2,652 per ton, growing by 6.4% against the previous month. In general, the export price posted a modest increase. The pace of growth was the most pronounced in July 2022 an increase of 8.8% month-to-month. Over the period under review, the average export prices hit record highs in June 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +1.7% per month.
Non-Liquid Margarine Imports in Mexico
In 2022, overseas purchases of non-liquid margarine decreased by -30.3% to 7.5K tons, falling for the second consecutive year after two years of growth. In general, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 5.8%. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, non-liquid margarine imports fell to $19M in 2022. Overall, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2020 when imports increased by 8.2%. As a result, imports reached the peak of $23M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Non-Liquid Margarine in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.0 | 22.7 | 22.3 | 19.4 | -2.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 21.0 | 22.7 | 22.3 | 19.4 | -2.6% |
Top Suppliers of Non-Liquid Margarine to Mexico in 2022:
- United States (7.5K tons)
Non-Liquid Margarine Exports in Mexico
In 2022, overseas shipments of non-liquid margarine were finally on the rise to reach 2K tons after two years of decline. Over the period under review, total exports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-liquid margarine exports surged to $4.6M in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Non-Liquid Margarine in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.2 | 2.1 | 1.8 | 4.6 | 27.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.3 | 2.1 | 1.8 | 4.6 | 26.0% |
Top Export Markets for Non-Liquid Margarine from Mexico in 2022:
- United States (1977.6 tons)
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