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This report reviews the Mexican market for
food processing equipment, used in the cold meat/cold cut and
sausages processing sector. The food processing equipment market
is expected to continue expanding with yearly growth rates of
around 10-15 percent for the next two years.
In 2006, the total Mexican market for meat
processing machinery was estimated to be $4 billion. The market
is expected to increase by 10-15 percent in 2007. Beyond 2007,
market experts anticipate yearly growth of about 15-20 percent.
Poultry processing equipment is a key growth sub-sector.
According to the Mexican Secretary of
Economy, total imports in this segment for 2005 were $30
million, and $36.2 million for 2006.
The local industrial food sector is diverse
and includes many important segments such as beverage, seafood,
vegetables, grains, dairy products, meat and sausages, poultry,
bakery, chocolate and confectionery, and sugar among others.
Therefore, the type of equipment in demand for the next years
will also be diverse. To be successful, U.S. companies will need
to be well versed regarding the new equipment needs of local
processed food producers.
Over the next two years, the Mexican food
processing equipment market is expected to grow by the same rate
annually. Meat processing machinery sales increased 20 percent
in 2006 ($36.2 million) compared to 2005 sales of $30 million,
and there was a decrease of 35 percent in 2004 ($19.5 million).
In
2006 total imports of meat processing equipment were $36.2
million. 63 percent ($13.3. million) came from the United
States; the remaining 37 percent
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...Continued
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