The market is dominated by foreign suppliers, as imports account for 77.3% of total market size in 2023. Investments drive market demand, with investments representing 78.1% of total demand in 2023. Mexico has the largest market size for machinery for metallurgy regionally, with demand reaching USD1.3 billion in 2023. The total number of companies decreases in 2023, to 4,923 units. The costs of the industry increase by 4.6% in 2023, largely driven by rising labour costs. The industry’s profitability decreases and stands at 8.6% of production value in 2023, the highest regionally. With production value of USD247 million, Mexico accounts for 27.0% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Machinery for Metallurgy in Mexico: ISIC 2923. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Metallurgy in Mexico: ISIC 2923 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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