Mexico - Wine - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWine Price in Mexico - 2023
Contents:
- Wine Price in Mexico (CIF) - 2023
- Wine Price in Mexico (FOB) - 2023
- Wine Imports in Mexico
- Wine Exports in Mexico
Wine Price in Mexico (CIF) - 2023
In August 2023, the average wine import price amounted to $3.6 per litre, declining by -11.9% against the previous month. Overall, the import price showed a mild descent. The pace of growth appeared the most rapid in March 2023 an increase of 37% m-o-m. The import price peaked at $6.2 per litre in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($23.7 per litre), while the price for Chile ($1.8 per litre) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+3.9%), while the prices for the other major suppliers experienced a decline.
Wine Price in Mexico (FOB) - 2023
The average wine export price stood at $13.2 per litre in August 2023, growing by 13% against the previous month. Overall, the export price continues to indicate a notable increase. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 119% against the previous month. As a result, the export price reached the peak level of $22.2 per litre. From April 2023 to August 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +2.1% per month.
Wine Imports in Mexico
In 2022, wine imports into Mexico skyrocketed to 87M litres, rising by 36% against the previous year's figure. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, wine imports surged to $374M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wine in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 75.5 | 58.3 | 77.2 | 110 | 13.4% |
| France | 46.0 | 29.0 | 41.2 | 80.4 | 20.5% |
| Italy | 46.0 | 49.3 | 55.8 | 73.0 | 16.6% |
| Chile | 41.1 | 35.3 | 36.2 | 58.5 | 12.5% |
| United States | 21.1 | 17.4 | 25.5 | 28.2 | 10.2% |
| Argentina | 21.2 | 19.3 | 22.5 | 21.3 | 0.2% |
| Others | 4.1 | 3.2 | 2.5 | 2.5 | -15.2% |
| Total | 255 | 212 | 261 | 374 | 13.6% |
Top Suppliers of Wine to Mexico in 2022:
- Spain (28.4M litres)
- Chile (25.9M litres)
- Italy (18.3M litres)
- Argentina (5.4M litres)
- France (4.8M litres)
- United States (4.0M litres)
Wine Exports in Mexico
In 2022, approx. 344K litres of wine were exported from Mexico; with a decrease of -48.8% on the previous year's figure. In general, exports recorded a precipitous descent. The smallest decline of -12.7% was in 2020. Over the period under review, the exports reached the maximum at 961K litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, wine exports fell sharply to $1.8M in 2022. Over the period under review, exports showed a significant contraction. The smallest decline of -5.3% was in 2021. The exports peaked at $4.1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Wine in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.0 | 3.1 | 2.3 | 1.7 | -24.8% |
| Spain | N/A | 0.1 | N/A | 0.1 | 0.0% |
| United Arab Emirates | N/A | 0.1 | 1.0 | N/A | 900.0% |
| Others | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| Total | 4.1 | 3.5 | 3.3 | 1.8 | -24.0% |
Top Export Markets for Wine from Mexico in 2022:
- United States (336.0K litres)
- Spain (6.0K litres)
This report provides an in-depth analysis of the wine 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 564 - Wine
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
-
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
- 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 VOLUME AND VALUE
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
- 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
- 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
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