Market research

Groundnut oil and fractions market in Mexico

$Groundnut oil and fractions market in Mexico$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

Mexican groundnut oil production experienced volatility between 2018 and 2023, with output falling from 4 500 t in 2018 to 3 800 t in 2019 before recovering to a peak of 4 900 t in 2022. The market size mirrored this trend, as imports and exports played a minor role. Domestic peanut cultivation in states such as Sinaloa, Puebla, and Chiapas provided the raw material base for oil processing.

The recovery from 2020 onward was supported by Mexico's engagement in the global refined peanut oil market and influenced by international supply conditions. Global production and export trends from major peanut oil suppliers like Brazil and Argentina affected availability and pricing, contributing to the expansion of local output until 2022.

Production declined to 4 200 t in 2023, while trade data through 2024 highlighted continued reliance on imports from the United States, indicating the market's exposure to external supply flows.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Mexico
  1. 5.1.1. Annual dynamics of production in Mexico in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Mexico in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Mexico in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Mexico by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Mexico in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Mexico by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Mexico, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Mexico by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Mexico in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Mexico by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Mexico in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Mexico by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Mexico, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Mexico by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Mexico in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Mexico by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Mexico in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Mexico by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Mexico, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Mexico by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Mexico in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Mexico by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Mexico in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Mexico by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Mexico, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Mexico by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production groundnut oil and fractions in Mexico

In kind, 2018-2021, t

Top producers of groundnut oil and fractions, 2018-2021

Source: SHEV.io

World map of production of groundnut oil and fractions, 2018-2021

Source: SHEV.io

Mexico's production of groundnut oil and fractions has increased for the second year in a row. In 2021, the country produced 4,800 tonnes, marking a 17.1% rise compared to the previous year. Looking at the period from 2018 to 2021, overall production grew by 6.7%, which translates to an average annual increase of 2.2%. The lowest production level was recorded in 2019 at 3,800 tonnes, and that year also saw the sharpest decline of 15.6%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(15.6%)	7.9%	17.1%	2.2%

Source: SHEV.io

Exports groundnut oil and fractions from Mexico

Exports in kind, t

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2018 to 2021, Mexico's exports of groundnut oil and fractions in physical terms were almost entirely focused on the United States, which accounted for 100.0% of the total.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During the 2018–2021 period, the United States effectively dominated Mexico's exports of groundnut oil and fractions in value terms, holding a 100.0% share of all shipments.

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

Source: SHEV.io

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

Source: SHEV.io

Imports groundnut oil and fractions to Mexico

Imports in kind, t

The market experienced significant fluctuations over this period. From 2018 to 2020, the difference between the highest and lowest import levels was 50-fold. In 2021, Mexico imported 39.3 tonnes of groundnut oil and fractions, which represents a dramatic year-over-year increase of 1,626.3%. The lowest import volume was recorded in 2020 at 2.3 tonnes, and that year also saw the largest decline of 97.8%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(9.9%)	(97.8%)	1 626.3%	(30.0%)

Source: SHEV.io

Between 2018 and 2021, the United States was the primary and nearly exclusive source for Mexico's imports of groundnut oil and fractions in physical terms, making up 96.8% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The market displayed notable volatility during the observed timeframe. Imports peaked in 2019 and reached their lowest point in 2020, with a 34-fold difference between these years. In 2021, Mexico's cross-border shipments of groundnut oil and fractions amounted to 161.0 thousand US dollars, showing a sharp rise of 3,060.6% compared to the previous year. The minimum value was recorded in 2020 at 5.1 thousand US dollars, while the maximum was in 2019 at 170.8 thousand US dollars. The most significant drop occurred in 2020, with a decline of 97.0%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	7.1%	(97.0%)	3 060.6%	0.3%

Source: SHEV.io

From 2018 to 2021, the United States accounted for almost all of Mexico's imports of groundnut oil and fractions in value terms, with a share of 96.7% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io