Price for Cattle; Live, Pure-Bred Breeding Animals in Mexico - 2022

Contents:

  1. Price for Cattle; Live, Pure-Bred Breeding Animals in Mexico (CIF) - 2021
  2. Price for Cattle; Live, Pure-Bred Breeding Animals in Mexico (FOB) - 2022
  3. Imports of Cattle; Live, Pure-Bred Breeding Animals in Mexico
  4. Exports of Cattle; Live, Pure-Bred Breeding Animals in Mexico

Price for Cattle; Live, Pure-Bred Breeding Animals in Mexico (CIF) - 2021

In October 2021, the average import price for cattle; live, pure-bred breeding animalses amounted to $1,771 per unit, picking up by 25% against the previous month. Over the period from September 2021 to October 2021, it increased at an average monthly rate of +25.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From September 2021 to October 2021, the rate of growth in terms of prices for the United States amounted to +25.0% per month.

Price for Cattle; Live, Pure-Bred Breeding Animals in Mexico (FOB) - 2022

The average export price for cattle; live, pure-bred breeding animalses stood at $1,288 per unit in 2022, reducing by -34.5% against the previous year. In general, the export price, however, posted a temperate increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 73%. The export price peaked at $2,643 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nicaragua.

From 2012 to 2022, the rate of growth in terms of prices for Honduras amounted to +12.8% per year.

Imports of Cattle; Live, Pure-Bred Breeding Animals in Mexico

In 2022, purchases abroad of cattle; live, pure-bred breeding animalses decreased by -49.6% to 234 units for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a sharp setback. Over the period under review, imports reached the peak figure at 6.6K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, cattle; live, pure-bred breeding animals imports dropped rapidly to $343K in 2022. Over the period under review, imports showed a dramatic shrinkage. Over the period under review, imports reached the peak figure at $11M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Cattle; Live, Pure-Bred Breeding Animals in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States9.1N/A0.10.3-67.9%
Canada1.9N/A0.5N/A-48.7%
OthersN/AN/AN/AN/A0%
Total11.0N/A0.70.3-69.9%

Top Suppliers of Cattle; Live, Pure-Bred Breeding Animals to Mexico in 2022:

  1. United States (204.0 units)
  2. Canada (23.0 units)

Exports of Cattle; Live, Pure-Bred Breeding Animals in Mexico

Cattle; live, pure-bred breeding animals exports from Mexico surged to 28 units in 2022, jumping by 33% compared with the previous year's figure. In general, exports, however, saw a abrupt decline. The exports peaked at 56 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, cattle; live, pure-bred breeding animals exports reduced to $36K in 2022. Over the period under review, exports, however, showed a sharp descent. The pace of growth was the most pronounced in 2020 with an increase of 38%. As a result, the exports reached the peak of $102K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Cattle; Live, Pure-Bred Breeding Animals in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NicaraguaN/AN/AN/A36.00%
Guatemala13.425.411.6N/A-7.0%
United States23.625.95.5N/A-51.7%
Costa Rica3.17.13.2N/A1.6%
Panama3.14.36.6N/A45.9%
El Salvador5.14.53.9N/A-12.6%
Honduras6.012.36.8N/A6.5%
Belize19.522.33.8N/A-55.9%
OthersN/AN/AN/AN/A0%
Total73.710241.336.0-21.2%

Top Export Markets for Cattle; Live, Pure-Bred Breeding Animals from Mexico in 2022:

  1. Nicaragua (28.0 units)

Source: IndexBox Market Intelligence Platform

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