Surge in Mexico's June 2023 Sunflower Seed Imports to $3.8M

Surge in Mexico

Mexico Sunflower Seed Imports

In June 2023, sunflower seed imports into Mexico experienced a sharp increase, reaching 3.4K tons, a 49% growth compared to the previous month. Overall, imports showed strong growth, with the most rapid expansion occurring in March 2023, with a 162% increase from the previous month. June 2023 marked the peak import figure during the review period.

In terms of value, sunflower seed imports skyrocketed to $3.8M in June 2023, according to IndexBox estimates. Import growth continues to indicate a robust expansion, with the highest rate recorded in July 2022, when imports increased by 121% compared to the previous month.

Mexico Sunflower Seed Imports By Country (Million USD)

Imports by Country

Argentina (1.6K tons), the United States (1.4K tons), and Bulgaria (339 tons) were the main suppliers of sunflower seed imports to Mexico.

From June 2022 to June 2023, the United States experienced the largest increase with a CAGR of +14.9%, while the growth of other major suppliers was more moderate.

In terms of value, the United States ($1.8M), Argentina ($1.6M), and Bulgaria ($471K) were the largest sunflower seed suppliers to Mexico.

Among the main suppliers, the United States recorded the highest growth rate in the value of imports with a CAGR of +11.9%, while the growth of other leaders was less pronounced.

Import Prices by Country

In June 2023, the price of sunflower seeds stood at $1,138 per ton (CIF, Mexico), showing an 18.6% decrease compared to the previous month. The import price saw a slight decline during the review period, with the highest rate of growth observed in November 2022, when the average import price increased by 27% month-to-month. From March 2023 to June 2023, import prices remained somewhat lower.

Average prices varied among the major supplying countries, with Bulgaria having the highest price of $1,391 per ton, while Argentina had one of the lowest prices at $973 per ton.

From June 2022 to June 2023, Argentina experienced the most notable rate of growth in terms of prices with a decrease of 1.0%, while the prices for other major suppliers showed a decline.



Source: IndexBox Market Intelligence Platform

Comments

Post a Comment

Popular posts from this blog

Top Countries for Importing Chocolate and Confectionery Products Worldwide

Image
Chocolate and confectionery products have always been beloved treats across the globe due to their delicious flavors and indulgent qualities. As a result, the chocolate and confectionery industry has become a thriving sector, with many countries involved in the import and export of these delightful treats. In this article, we will discuss the leading import markets for chocolate and confectionery products worldwide, supported by data and statistics from the IndexBox market report. 1. United States The United States holds the top spot as the largest import market for chocolate and confectionery products with an impressive import value of $10.366 billion in 2022. The American population's deep love for sweets makes it a highly sought-after destination for confectionery imports. With a wide range of options available, from artisanal chocolates to iconic candy brands, the U.S. market caters to the diverse preferences of chocolate and confectionery enthusiasts. The country's large c...
Read more

The Primary Rye Import Markets Worldwide

Image
Rye has been a dietary staple for centuries, offering versatility and nutrition. It is commonly utilized in the production of various food and beverage items, including bread and whiskey. While many countries cultivate rye domestically, there are several significant import markets that contribute to the global rye trade. This article explores the top import markets for rye, their import values, and key statistics. Germany: Leading the Rye Imports Germany holds the title of the largest global rye importer, with an import value of $115.9 million in 2022 (IndexBox data). This is not surprising considering Germany's strong tradition of rye-based products such as bread and beer. The country's consumers have a strong preference for high-quality rye products, appreciating their versatility and unique flavor. Germany's rye imports have been steadily increasing over the years and are expected to continue. The country's robust economy and strict food safety and quality standards ...
Read more

Developing a Market Entry Strategy for Silicone in the United States

Image
To successfully enter the silicone market in the United States, a well-structured approach is essential, taking advantage of available data, official sources, and assistance from relevant authorities. This comprehensive guide offers valuable insights into the market, drawing on data from the IndexBox market intelligence platform. Additionally, it provides a list of trade shows and exhibitions that can serve as valuable platforms for market entry. Understanding the Market Silicone, a versatile material widely utilized across various industries such as automotive, construction, electronics, healthcare, and consumer goods, holds significant import value in the United States, amounting to $1.2 billion in 2022. Top Importing Countries When formulating a market entry strategy, it is crucial to consider the primary countries importing silicone to the United States. According to data provided by IndexBox in 2022, the top five importing countries were: Germany - $288.8 million China - $255.0 ...
Read more