Liqueurs and Cordials Price in Mexico - 2023
Contents:
- Liqueurs and Cordials Price in Mexico (FOB) - 2023
- Liqueurs and Cordials Price in Mexico (CIF) - 2023
- Liqueurs and Cordials Exports in Mexico
- Liqueurs and Cordials Imports in Mexico
Liqueurs and Cordials Price in Mexico (FOB) - 2023
The average liqueurs and cordials export price stood at $9.9 per litre in June 2023, picking up by 13% against the previous month. Overall, export price indicated measured growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, liqueurs and cordials export price increased by +55.5% against March 2023 indices. The pace of growth was the most pronounced in January 2023 when the average export price increased by 33% against the previous month. The export price peaked in June 2023.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the United States ($5.9 per litre), while the average price for exports to El Salvador totaled $2.0 per litre.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (0.0%), while the prices for the other major destinations experienced a decline.
Liqueurs and Cordials Price in Mexico (CIF) - 2023
In June 2023, the average liqueurs and cordials import price amounted to $7.4 per litre, growing by 3.9% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 42% against the previous month. The import price peaked in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was France ($11.2 per litre), while the price for the United States ($4.6 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.5%), while the prices for the other major suppliers experienced a decline.
Liqueurs and Cordials Exports in Mexico
In 2022, overseas shipments of liqueurs and cordialses increased by 6.3% to 6.4M litres for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a deep slump. Over the period under review, the exports reached the maximum at 9.2M litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, liqueurs and cordials exports dropped to $37M in 2022. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 5.3% against the previous year. Over the period under review, the exports reached the maximum at $58M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Liqueurs and Cordials in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 41.1 | 32.9 | 34.9 | 34.1 | -6.0% |
| Chile | 0.1 | 0.3 | 0.1 | 0.7 | 91.3% |
| United Kingdom | 1.8 | 1.2 | 0.3 | 0.2 | -51.9% |
| United Arab Emirates | 2.3 | 2.0 | 4.4 | N/A | 38.3% |
| Others | 12.9 | 3.6 | 2.4 | 2.1 | -45.4% |
| Total | 58.3 | 40.0 | 42.1 | 37.2 | -13.9% |
Top Export Markets for Liqueurs and Cordials from Mexico in 2022:
- United Kingdom (undefinedM litres)
- United States (5.8M litres)
- Chile (0.2M litres)
Liqueurs and Cordials Imports in Mexico
In 2022, the amount of liqueurs and cordialses imported into Mexico dropped to 8.9M litres, waning by -10.7% against the previous year's figure. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of 10M litres, and then dropped in the following year.
In value terms, liqueurs and cordials imports rose markedly to $48M in 2022. In general, imports recorded a pronounced descent. Imports peaked at $54M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Liqueurs and Cordials in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.0 | 18.1 | 19.9 | 17.5 | 3.0% |
| Spain | 13.5 | 9.2 | 12.7 | 17.4 | 8.8% |
| France | 2.4 | 1.5 | 3.3 | 5.5 | 31.8% |
| Italy | 3.2 | 1.5 | 2.4 | 4.4 | 11.2% |
| Ireland | 14.4 | 10.7 | 3.2 | 2.3 | -45.7% |
| Germany | 3.3 | 1.1 | N/A | 0.5 | -46.7% |
| Others | 0.9 | 0.4 | 0.3 | 0.1 | -51.9% |
| Total | 53.7 | 42.6 | 41.8 | 47.7 | -3.9% |
Top Suppliers of Liqueurs and Cordials to Mexico in 2022:
- United States (4.9M litres)
- Spain (2.3M litres)
- Italy (0.8M litres)
- France (0.5M litres)
- Ireland (0.4M litres)
- Germany (0.1M litres)
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