Despite a dip in September, demand for Canadian beef has been strong in Mexico this year.
For the first nine months of 2021, the accumulated volume of Canadian exports to Mexico was up 78.3 per cent over 2020. Chilled beef exports were up 80.8 per cent over last year, with value up 120.4 per cent to US$98.43 million. Following a steady performance over the summer, exports in September did take a step back, dropping 14 per cent in volume. Month-to-month value falling 24.8 per cent, from US$18.25 million in Aug to US$13.71 million in Sept.
Overall beef imports have risen in Mexico as well. During the first nine months of 2021, Mexico imported 129,507 tons of beef, 24.29 per cent more than in 2020. The value amounted to US$890.3 million, a considerable increase of 57.15 per cent year-over-year.