The market is dominated by domestic suppliers, as imports account for 47.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 56.4% of total demand in 2022. Mexico has the second largest market size for refined petroleum products regionally, with demand reaching USD108 billion in 2022. Petróleos Mexicanos is the largest company in Mexico, generating 86.7% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 87.8% of total production value in 2022. The total number of companies decreases in 2022, to 3,035 units. The costs of the industry increase by 41.1% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 20.0% of production value in 2022, the third highest regionally. The industry’s exports share increases in 2022 to 13.5% of total production output. With production value of USD49.6 billion, Mexico accounts for 21.2% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Refined Petroleum Products in Mexico: ISIC 232. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Refined Petroleum Products in Mexico: ISIC 232 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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