The market is dominated by foreign suppliers, as imports account for 79.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 89.9% of total demand in 2023. Mexico has the second largest market size for accumulators, primary cells and primary batteries regionally, with demand reaching USD3.1 billion in 2023. The total number of companies decreases in 2023, to 1,212 units. The costs of the industry increase by 1.4% in 2023, largely driven by rising labour costs. The industry’s profitability decreases and stands at 10.9% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 73.9% of total production output. With production value of USD1.8 billion, Mexico accounts for 34.5% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Accumulators, Primary Cells and Primary Batteries in Mexico: ISIC 314. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Accumulators, Primary Cells and Primary Batteries in Mexico: ISIC 314 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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