The market is dominated by domestic suppliers, as imports account for 28.1% of total market size in 2021. B2B drives market demand, with B2B spending representing 78.3% of total demand in 2021. Mexico has the second largest market size for structural metal products regionally, with demand reaching USD2.1 billion in 2021. Ingeniería y Maquinaria de Guadalupe SA de CV is the largest company in Mexico, generating 7.1% of the industry’s total production value in 2021. The industry is fragmented, with the top five companies generating 14.2% of total production value in 2021. The total number of companies increases in 2021, to 85,834 units. The costs of the industry increase by 16.2% in 2021, largely driven by rising B2B costs. The industry’s profitability increases and stands at 24.0% of production value in 2021, the highest regionally. With production value of USD2.3 billion, Mexico accounts for 16.8% of the Latin America total in 2021.
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This Euromonitor industrial report provides unique information on Structural Metal Products in Mexico: ISIC 2811. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Structural Metal Products in Mexico: ISIC 2811 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.See All of Our Definitions
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