The market is dominated by foreign suppliers, as imports account for 69.9% of total market size in 2020. B2B drives market demand, with B2B spending representing 97.8% of total demand in 2020. Mexico has the largest market size for basic precious and non-ferrous metals in the region, with demand reaching USD18.4 billion in 2020. Southern Copper Corp is the largest company in Mexico, generating 33.0% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 49.7% of total production value in 2020. The total number of companies increases in 2020, to 5,544 units. The costs of the industry decrease by 11% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 29.8% of production value in 2020, the highest in the region. The industry’s exports share increases in 2020 to 58.5% of total production output. With production value of USD10.6 billion, Mexico accounts for 26.1% of the Latin America total in 2020.
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This Euromonitor industrial report provides unique information on Basic Precious and Non-ferrous Metals in Mexico: ISIC 272. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Precious and Non-ferrous Metals in Mexico: ISIC 272 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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