The market is dominated by domestic suppliers, as imports account for 14.4% of total market size in 2023. B2B drives market demand, with B2B spending representing 56.6% of total demand in 2023. Mexico has the second largest market size for agriculture regionally, with demand reaching USD154 billion in 2023. Industrias Bachoco SA de CV is the largest company in Mexico, generating 3.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 8.1% of total production value in 2023. The total number of companies increases in 2023, to 3,764,292 units. The costs of the industry increase by 27.1% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 50.0% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 15.1% of total production output. With production value of USD114 billion, Mexico accounts for 18.2% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Agriculture in Mexico: ISIC 1. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agriculture in Mexico: ISIC 1 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Agriculture is an aggregation of farming of cattle, swine and pigs, sheep and other quadrupeds, poultry and other animals; growing of cereals and crops, fruits and vegetables; providing agricultural services and hunting.
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