The market is dominated by foreign suppliers, as imports account for 82.4% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.2% of total demand in 2022. Mexico has the largest market size for basic chemicals regionally, with demand reaching USD44.9 billion in 2022. Petróleos Mexicanos is the largest company in Mexico, generating 22.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 32.3% of total production value in 2022. The total number of companies decreases in 2022, to 7,340 units. The costs of the industry increase by 15.1% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 12.0% of production value in 2022, the third highest regionally. The industry’s exports share increases in 2022 to 53.7% of total production output. With production value of USD14.5 billion, Mexico accounts for 26.5% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Basic Chemicals in Mexico: ISIC 2411. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Chemicals in Mexico: ISIC 2411 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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