The market is dominated by domestic suppliers, as imports account for 2.0% of total market size in 2022. Households drive market demand, with household spending representing 53.0% of total demand in 2022. Mexico has the largest market size for television and radio receivers, sound and video recording devices regionally, with demand reaching USD10.1 billion in 2022. Samsung Mexicana SA de CV is the largest company in Mexico, generating 16.8% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 43.6% of total production value in 2022. The total number of companies increases in 2022, to 15,126 units. The costs of the industry decrease by 5% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 6.7% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 55.5% of total production output. With production value of USD21.2 billion, Mexico accounts for 71.4% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Television and Radio Receivers, Sound and Video Recording Devices in Mexico: ISIC 323. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Television and Radio Receivers, Sound and Video Recording Devices in Mexico: ISIC 323 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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