In early 2023, respondents from Mexico were asked whether they had cut their spending in the past 12 months and where they had traded down and up. Around 30 percent of respondents reported cutting down in commoditized products such as rice and bottled water, as well as other packaged goods. Trade ups happened more often among alcohol products where taste may also contribute to purchase choice, such as spirits and wine.
Share of respondents in Mexico who changed their grocery spending by trading up or down in 2023
Respondents were asked where they had cut their spending by trading down in the past 12 months. Displayed is the share of respondents who said they traded down, as well as the share of those who said they treaded up.
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McKinsey & Company. (June 28, 2023). Share of respondents in Mexico who changed their grocery spending by trading up or down in 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1403756/grocery-spending-change-mexico/
McKinsey & Company. "Share of respondents in Mexico who changed their grocery spending by trading up or down in 2023." Chart. June 28, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1403756/grocery-spending-change-mexico/
McKinsey & Company. (2023). Share of respondents in Mexico who changed their grocery spending by trading up or down in 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1403756/grocery-spending-change-mexico/
McKinsey & Company. "Share of Respondents in Mexico Who Changed Their Grocery Spending by Trading up or down in 2023." Statista, Statista Inc., 28 Jun 2023, https://www.statista.com/statistics/1403756/grocery-spending-change-mexico/
McKinsey & Company, Share of respondents in Mexico who changed their grocery spending by trading up or down in 2023 Statista, https://www.statista.com/statistics/1403756/grocery-spending-change-mexico/ (last visited November 21, 2024)
Share of respondents in Mexico who changed their grocery spending by trading up or down in 2023 [Graph], McKinsey & Company, June 28, 2023. [Online]. Available: https://www.statista.com/statistics/1403756/grocery-spending-change-mexico/
