The market is dominated by domestic suppliers, as imports account for 47.2% of total market size in 2023. Households drive market demand, with household spending representing 86.3% of total demand in 2023. Mexico has the largest market size for jewellery and related articles regionally, with demand reaching USD7.6 billion in 2023. Casa de Moneda de México is the largest company in Mexico, generating 5.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 8.0% of total production value in 2023. The total number of companies decreases in 2023, to 11,883 units. The costs of the industry increase by 11.2% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 44.2% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 8.4% of total production output. With production value of USD1.6 billion, Mexico accounts for 23.6% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Jewellery and Related Articles in Mexico: ISIC 3691. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Jewellery and Related Articles in Mexico: ISIC 3691 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.
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