Households drive market demand, with household spending representing 55.4% of total demand in 2020. Grupo Financiero BBVA Bancomer SA de CV is the largest company in Mexico, generating 14.7% of the industry’s total turnover in 2020. The industry is fragmented, with the top five companies generating 45.1% of total turnover in 2020. The total number of companies increases in 2020, to 84,595 units. The costs of the industry decrease by 16.2% in 2020, largely driven by declining labour costs. The industry’s profitability increases and stands at 61.5% of turnover in 2020, the highest in the region. With turnover of USD53.2 billion, Mexico accounts for 20.9% of the Latin America total in 2020.
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This Euromonitor industrial report provides unique information on Monetary Intermediation in Mexico: ISIC 651. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Monetary Intermediation in Mexico: ISIC 651 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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