The market is dominated by foreign suppliers, as imports account for 87.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 48.5% of total demand in 2023. Mexico has the second largest market size for pumps, compressors, taps and valves regionally, with demand reaching USD4.9 billion in 2023. Industrial de Válvulas SA de CV is the largest company in Mexico, generating 6.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 19.9% of total production value in 2023. The total number of companies decreases in 2023, to 20,608 units. The costs of the industry increase by 12.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 15.1% of production value in 2023, the third highest regionally. The industry’s exports share decreases in 2023 to 81.8% of total production output. With production value of USD2.8 billion, Mexico accounts for 28.1% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Pumps, Compressors, Taps and Valves in Mexico: ISIC 2912. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pumps, Compressors, Taps and Valves in Mexico: ISIC 2912 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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