The market is dominated by domestic suppliers, as imports account for 4.6% of total market size in 2022. B2B drives market demand, with B2B spending representing 75.9% of total demand in 2022. Mexico has the second largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD25.5 billion in 2022. Petróleos Mexicanos is the largest company in Mexico, generating 48.2% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 50.3% of total production value in 2022. The total number of companies decreases in 2022, to 41,974 units. The costs of the industry increase by 16.3% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 58.3% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 58.9% of total production output. With production value of USD60.1 billion, Mexico accounts for 31.8% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Mexico: ISIC 11. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Extraction of Crude Petroleum and Natural Gas in Mexico: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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