Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Mexico - 2023
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Mexico (CIF) - 2023
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Mexico (FOB) - 2022
- Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Mexico
- Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Mexico
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Mexico (CIF) - 2023
In August 2023, the average import price for oil seeds; cotton seeds, other than seed, whether or not broken amounted to $339 per ton, increasing by 8.2% against the previous month. In general, the import price, however, showed a noticeable downturn. The import price peaked at $387 per ton in May 2023; however, from June 2023 to August 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 May 2023 to August 2023, the rate of growth in terms of prices for the United States amounted to -4.3% per month.
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Mexico (FOB) - 2022
The average export price for oil seeds; cotton seeds, other than seed, whether or not broken stood at $570 per ton in 2022, leveling off at the previous year. Over the period under review, the export price enjoyed moderate growth. The most prominent rate of growth was recorded in 2013 an increase of 17% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($634 per ton), while the average price for exports to Canada totaled $248 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%).
Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Mexico
In 2022, purchases abroad of oil seeds; cotton seeds, other than seed, whether or not broken decreased by -47.6% to 30K tons, falling for the second year in a row after two years of growth. In general, imports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 3%. As a result, imports attained the peak of 86K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of oil seeds; cotton seeds, other than seed, whether or not broken fell notably to $9.6M in 2022. Overall, imports faced a sharp contraction. The growth pace was the most rapid in 2020 when imports increased by 2.2% against the previous year. As a result, imports attained the peak of $22M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.6 | 22.0 | 18.7 | 9.4 | -24.2% |
| France | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 21.6 | 22.0 | 18.7 | 9.6 | -23.7% |
Top Suppliers of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken to Mexico in 2022:
- United States (29.1K tons)
- France (0.5K tons)
Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Mexico
In 2022, approx. 259 tons of oil seeds; cotton seeds, other than seed, whether or not broken were exported from Mexico; approximately reflecting 2021 figures. Overall, exports showed a precipitous descent. The smallest decline of 99.9% was in 2021.
In value terms, exports of oil seeds; cotton seeds, other than seed, whether or not broken stood at $148K in 2022. In general, exports showed a precipitous descent. The smallest decline of 99.9% was in 2021.
| Export of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 1,823 | N/A | 137 | -72.6% | |
| Canada | 4.7 | N/A | 10.7 | 50.9% | |
| Others | 0.1 | N/A | N/A | 0% | |
| Total | 1,828 | N/A | 148 | -71.5% | |
Top Export Markets for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken from Mexico in 2022:
- United States (215.8 tons)
- Canada (43.0 tons)
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