The market is dominated by domestic suppliers, as imports account for 6.5% of total market size in 2023. Households drive market demand, with household spending representing 93.0% of total demand in 2023. Mexico has the third largest market size for grain mill products regionally, with demand reaching USD10.6 billion in 2023. Gruma SA de CV is the largest company in Mexico, generating 23.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 45.2% of total production value in 2023. The total number of companies decreases in 2023, to 25,868 units. The costs of the industry increase by 14.3% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 25.0% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 7.5% of total production output. With production value of USD9.2 billion, Mexico accounts for 14.8% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Grain Mill Products in Mexico: ISIC 1531. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Grain Mill Products in Mexico: ISIC 1531 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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