Mexico closed 2022 with a deficit in the meat trade balance

Published Feb 6, 2023

Tridge summary

Mexico's meat imports in 2022 saw a 4% increase in volume and a 13.8% increase in value, while exports decreased by 2.7% in volume and 4.3% in value, leading to a meat trade deficit of $2,233.5 million. Beef exports hit a record of 354,900 tons, but saw a 7% drop in price, and Mexico's self-sufficiency in beef meant it imported the least amount. Pork imports surged due to processing industry demand, reaching a record of over 1.44 million tons, despite a 15% price increase, and poultry imports decreased by 2% due to a 14.2% rise in price, but the value of purchases increased by 11.9%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Total imports of meat (beef, pork and chicken) by Mexico in 2022 rose 4% in volume and 13.8% in value, according to preliminary data from the Agricultural Markets Consulting Group (GCMA). Meanwhile, exports of these same products had a reduction of 2.7% in terms of volume and 4.3% in value. Thus, the deficit in the meat trade balance was 2,233.5 million dollars, according to the agency. When discriminating by type of product, the Group indicates that in the case of beef, a record was recorded in beef exports with close to 355 thousand tons, higher by 5.2% compared to the result of 2021 but with a 7% drop in price, which was reflected in a drop in value terms of 2.2%. Likewise, calf exports fell 23.9%, although they showed a price increase of 11.6%, which was not enough, so the value of sales experienced a drop of 14%. Being self-sufficient in beef, this protein was the one with the least amount imported by Mexico, with falls of 3% in volume and 7.1% in value, ending the year with ...

Source: MXContexto