The market is dominated by foreign suppliers, as imports account for 60.6% of total market size in 2022. B2B drives market demand, with B2B spending representing 55.7% of total demand in 2022. Mexico has the second largest market size for cutlery, hand tools and general hardware regionally, with demand reaching USD7.3 billion in 2022. López Pena Martha Patricia is the largest company in Mexico, generating 14.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 41.2% of total production value in 2022. The total number of companies decreases in 2022, to 20,328 units. The costs of the industry increase by 22.4% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 34.2% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 31.8% of total production output. With production value of USD2.9 billion, Mexico accounts for 21.1% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Cutlery, Hand Tools and General Hardware in Mexico: ISIC 2893. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Cutlery, Hand Tools and General Hardware in Mexico: ISIC 2893 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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