Beef Market Overview in Mexico
In value terms, beef production totaled $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. Beef production peaked at $ in 2015; however, from 2016 to 2018, production failed to regain the momentum.
The average yield of beef (cattle meat) in Mexico amounted to kg per head in 2018, stabilizing at 2017. The yield figure increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of % year-to-year. The beef yield peaked in 2018 and is likely to see steady growth in the near future.
In 2018, number of animals slaughtered for beef production in Mexico amounted to heads, remaining stable against 2017 figures. In general, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Over the period under review, the this number hit record highs at heads in 2012; however, from 2013 to 2018, the producing animals stood at a somewhat lower figure.
The size of the beef market in Mexico expanded to $ in 2018, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the market value increased by % y-o-y. Beef consumption peaked at $ in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.