The market is dominated by foreign suppliers, as imports account for 78.0% of total market size in 2022. B2B drives market demand, with B2B spending representing 74.0% of total demand in 2022. Mexico has the second largest market size for rubber products regionally, with demand reaching USD12.9 billion in 2022. Pirelli Neumaticos SA de CV is the largest company in Mexico, generating 8.6% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 19.4% of total production value in 2022. The total number of companies decreases in 2022, to 11,285 units. The costs of the industry increase by 20.3% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 23.2% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 61.7% of total production output. With production value of USD5.8 billion, Mexico accounts for 25.9% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Rubber Products in Mexico: ISIC 251. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Rubber Products in Mexico: ISIC 251 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Rubber and Plastic is an aggregation of Plastic and Rubber products.
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