Almonds market in Mexico

Earlier Report Observations

The almond market in Mexico saw a notable increase in volume to 12 645 t in 2019, up from 10 119 t the previous year. This growth was fueled by rising consumer interest in almonds as a healthy snack and sustained marketing efforts by the Almond Board of California targeting the Mexican market. However, in 2020 the COVID-19 pandemic disrupted global supply chains and softened demand, leading to a drop in market volume to 11 774 t.

From 2021 onward, market volume continued to decline, reaching 6 132 t by 2023. A key driver was a 10% reduction in global almond production in 2022, caused by lower harvests in major producing countries like the United States and Spain, which constrained supply for import-dependent markets. Concurrently, stronger domestic consumption in Europe limited export availability to Mexico. Throughout this period, the market witnessed the emergence of new almond-based products such as almond milk and almond butter, catering to growing vegan and health-conscious segments.

Production almonds in Mexico

In kind, 2018-2021, kg

Top producers of almonds, 2018-2021

World map of production of almonds, 2018-2021

In 2019, almond production in Mexico reached its peak at 48 030 kg, representing a 1.2% increase. However, in 2020, output declined by 0.8%. By 2021, production stood at 47 710 kg, showing little change compared to 2020.

Annual dynamics of production in Mexico in kind, 2018-2021, kg

In value, 2018-2021, K $ US

Almond production in Mexico has declined for two consecutive years. In 2019, output reached its highest value at 369.0 K $ US, marking a 3.1% increase. By 2021, production fell to 270.1 K $ US, a sharp 16.8% drop from the previous year. Overall, between 2018 and 2021, production decreased by 24.5%, averaging an annual decline of 8.9%.

Annual dynamics of production in Mexico in value, 2018-2021, K $ US

Exports almonds from Mexico

Exports in kind, t

Export volumes of almonds from Mexico showed significant volatility during this period. In 2020, exports peaked at 123 t, surging by 3,927.7%. However, in 2021, they plummeted to just 0.5 t, a dramatic 99.6% decrease from the previous year, resulting in a 252-fold difference between the high in 2020 and the low in 2021.

Annual dynamics of product's exports from Mexico in kind, 2018-2021, t

From 2018 to 2021, Mexico's almond exports in kind were highly concentrated, with the United States accounting for 93.5% of total shipments.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Mexico in kind, 2018-2021

Exports in value, K $ US

Export values of almonds from Mexico experienced considerable instability. In 2020, they reached a maximum of 841 K $ US, jumping by 3,472.9%. By 2021, however, exports dropped sharply to 3 K $ US, a 99.7% fall from the previous year, creating a 304-fold variation between the 2020 high and the 2021 low.

Annual dynamics of product's exports from Mexico in value, 2018-2021, K $ US

Between 2018 and 2021, the United States dominated Mexico's almond exports in value terms, consistently representing 93.6% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Mexico in value, 2018-2021

Imports almonds to Mexico

Imports in kind, t

Almond imports into Mexico declined for the second year in a row. In 2019, imports hit a high of 12 600 t, rising by 24.9%. By 2021, they fell to 9 734 t, a 17.9% decrease from the previous year. Over the 2018-2021 period, imports decreased by 3.5%, with an average annual decline of 1.2%.

Annual dynamics of product's imports to Mexico in kind, 2018-2021, t

From 2018 to 2021, almond imports into Mexico were extremely concentrated, with the United States responsible for 99.9% of total imports in kind.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Mexico in kind, 2018-2021

Imports in value, K $ US

Almond imports into Mexico fell for two consecutive years. In 2019, import value peaked at 84 708 K $ US, increasing by 15.3%. By 2021, imports dropped to 55 529 K $ US, a steep 31.0% decline from the previous year. Overall, between 2018 and 2021, imports decreased by 24.4%, averaging an annual drop of 8.9%.

Annual dynamics of product's imports to Mexico in value, 2018-2021, K $ US

During 2018-2021, almond imports into Mexico were heavily oriented toward the United States, which accounted for 99.9% of total imports in value terms.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Mexico in value, 2018-2021