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Quick Facts

• Population of 101 million people.
• Gross Domestic Products (GDP) of US$915 Billion.
• Per capita GDP of US$8,500.
• Landmass three times that of Texas.

During the past decade, the Mexican economy suffered a major economic crisis and has been negatively impacted by the problems in other Latin American countries.  However, the economy has shown the ability to come back, as has consumer purchasing power.

General Characteristics of Market and Culture

• Agriculture equals 5 percent of the nation’s GDP or US$46 billion.
• Poultry production equals 2.1 million metric tons annually.
• Pork production equals 1.0 million metric tons annually.
• Twelve percent of the landmass is arable.
• Soybean imports from the U.S. equal 3.6 million metric tons. Total annual domestic use of commodity and IP soybeans equals 4.3 million metric tons.
• Corn imports from the U.S. equal 6.0 million metric tons.  White corn is used primarily for human consumption. Tortilla production is a major user at about 85 percent of total white corn consumption. Corn flour is the other major use of white corn.
• Wheat imports from the U.S. equal 2.0 million metric tons. The types of wheat used in the market include the following: hard red winter wheat, soft red winter wheat, spring harvest bread wheat, fall harvest bread wheat, and durum wheat.
• Annual domestic use of IP non-GMO soybeans, corn, and wheat is estimated at 25.7 or more million metric tons with:  Soybeans estimated at 115,000 million metric tons.  Corn estimated at 19.1 million metric tons. Wheat estimated at 6.5 million metric tons.

Population and Income

Mexico has a large population growing at a rate of 2 percent annually. The nation’s middle and upper classes are estimated at more than 20 million people. Producers and consumers are increasingly becoming more sophisticated about the foods they produce and consume. Low-income families, which comprise half of Mexico’s population, spend 40 percent of their disposable income on food.  About 75 percent of Mexico’s population lives in urban areas or towns over 2,500 inhabitants.

IP Crops

Mexico is a unique market for IP crop in that:

• The primary use of corn is for food consumption, which means that customers in Mexico are usually concerned about the quality of the corn they purchase.
• Approximately 90 percent of the corn produced in the market is white corn.
• The market is a major producer of organic crops, which are largely exported to the United States.

The above is a summary of the market profile. 
View the Detailed Mexico Market Profile Here. html | pdf

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