The market is dominated by domestic suppliers, as imports account for 0.4% of total market size in 2022. Households drive market demand, with household spending representing 99.9% of total demand in 2022. Mexico has the second largest market size for tobacco products regionally, with demand reaching USD5.7 billion in 2022. Philip Morris Productos y Servicios S de RL de CV is the largest company in Mexico, generating 40.0% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 55.8% of total production value in 2022. The total number of companies decreases in 2022, to 605 units. The costs of the industry increase by 19.7% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 54.4% of production value in 2022, the third highest regionally. The industry’s exports share decreases in 2022 to 2.7% of total production output. With production value of USD2.2 billion, Mexico accounts for 19.5% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Tobacco Products in Mexico: ISIC 16. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Tobacco Products in Mexico: ISIC 16 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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