The market is dominated by foreign suppliers, as imports account for 51.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 96.1% of total demand in 2022. Mexico has the largest market size for casting of metals regionally, with demand reaching USD5.0 billion in 2022. Tupy México Saltillo SA De CV is the largest company in Mexico, generating 14.6% of the industry’s total production value in 2022. The industry is fragmented, with the top four companies generating 27.9% of total production value in 2022. The total number of companies increases in 2022, to 8,224 units. The costs of the industry increase by 31.6% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 38.4% of production value in 2022, the highest regionally. With production value of USD2.3 billion, Mexico accounts for 20.7% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Casting of Metals in Mexico: ISIC 273. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Casting of Metals in Mexico: ISIC 273 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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