The market is dominated by foreign suppliers, as imports account for 77.1% of total market size in 2022. Households drive market demand, with household spending representing 71.2% of total demand in 2022. Mexico has the second largest market size for optical instruments and photographic equipment regionally, with demand reaching USD1.6 billion in 2022. Carl Zeiss Vision Manufactura de México S de RL de CV is the largest company in Mexico, generating 4.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 12.8% of total production value in 2022. The total number of companies increases in 2022, to 9,029 units. The costs of the industry increase by 13.3% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 12.5% of production value in 2022, the 11th highest regionally. The industry’s exports share decreases in 2022 to 73.2% of total production output. With production value of USD1.2 billion, Mexico accounts for 43.0% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in Mexico: ISIC 332. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Optical Instruments and Photographic Equipment in Mexico: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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