Key regions: United Kingdom, Germany, Italy, United States, Brazil
Mexico is a country that is well-known for its rich culture, diverse cuisine, and vibrant agricultural industry. One of the most important sectors of the agricultural industry in Mexico is the fruit market, which has seen significant growth and development in recent years.
Customer preferences: Mexican consumers have a strong preference for fresh, locally grown produce, particularly when it comes to fruits. This has led to an increase in demand for domestic fruit varieties such as avocados, mangoes, and papayas. Additionally, there has been a growing interest in organic and sustainably grown fruits, which has created new opportunities for farmers and producers in the country.
Trends in the market: One of the most notable trends in the fruit market in Mexico is the increasing popularity of exotic and tropical fruits. This is due in part to the country's proximity to other Latin American countries where these fruits are grown, as well as changing consumer tastes. Some of the most popular exotic fruits in Mexico include dragon fruit, guava, and passion fruit.Another trend in the market is the rise of e-commerce as a distribution channel for fruits. Online platforms and mobile apps have made it easier for consumers to purchase fresh fruits directly from farmers and producers, which has helped to increase sales and reduce waste.
Local special circumstances: Mexico's climate and geography make it an ideal location for growing a wide variety of fruits. The country has a diverse range of ecosystems, from tropical rainforests to arid deserts, which allows for the cultivation of many different types of fruits. Additionally, Mexico has a long history of fruit production and export, which has helped to establish the country as a major player in the global fruit market.
Underlying macroeconomic factors: Several macroeconomic factors have contributed to the growth and development of the fruit market in Mexico. One of the most important is the country's free trade agreements with other countries, which have helped to increase exports and expand the market for Mexican fruits. Additionally, the Mexican government has invested heavily in infrastructure and technology to support the agricultural industry, which has helped to improve productivity and efficiency. Finally, changing consumer preferences and the rise of e-commerce have created new opportunities for farmers and producers in the country.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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