The market is dominated by foreign suppliers, as imports account for 72.5% of total market size in 2022. B2B drives market demand, with B2B spending representing 95.6% of total demand in 2022. Mexico has the largest market size for basic precious and non-ferrous metals regionally, with demand reaching USD29.2 billion in 2022. Southern Copper Corp is the largest company in Mexico, generating 24.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 36.9% of total production value in 2022. The total number of companies increases in 2022, to 15,219 units. The costs of the industry increase by 1% in 2022, largely driven by rising labour costs. The industry’s profitability decreases and stands at 28.3% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 59.7% of total production output. With production value of USD16.8 billion, Mexico accounts for 31.5% of the Latin America total in 2022.
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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
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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