The market is dominated by foreign suppliers, as imports account for 91.1% of total market size in 2023. Households drive market demand, with household spending representing 42.5% of total demand in 2023. Mexico has the second largest market size for furniture regionally, with demand reaching USD14.8 billion in 2023. Lear Corp México SA de CV is the largest company in Mexico, generating 64.2% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 69.6% of total production value in 2023. The total number of companies decreases in 2023, to 109,167 units. The costs of the industry increase by 16.7% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 25.4% of production value in 2023, the 10th highest regionally. The industry’s exports share increases in 2023 to 87.3% of total production output. With production value of USD9.2 billion, Mexico accounts for 23.8% of the Latin America total in 2023.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF.
This Euromonitor industrial report provides unique information on Furniture in Mexico: ISIC 361. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Furniture in Mexico: ISIC 361 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
See all of our definitionsIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!