The market is dominated by foreign suppliers, as imports account for 52.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 81.4% of total demand in 2022. Mexico has the fourth largest market size for pesticides and other agro-chemical products regionally, with demand reaching USD3.0 billion in 2022. Agri Estrella SA de CV is the largest company in Mexico, generating 13.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 48.6% of total production value in 2022. The total number of companies increases in 2022, to 1,085 units. The costs of the industry increase by 32.4% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 39.2% of production value in 2022, the third highest regionally. The industry’s exports share decreases in 2022 to 18.1% of total production output. With production value of USD1.3 billion, Mexico accounts for 4.9% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Pesticides and Other Agro-chemical Products in Mexico: ISIC 2421. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pesticides and Other Agro-chemical Products in Mexico: ISIC 2421 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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