With production value of USD643 million, Mexico accounts for 29.3% of the Latin America total in 2023. The industry’s exports share decreases in 2023 to 40.9% of total production output. The industry’s profitability decreases and stands at 30.5% of production value in 2023, the highest regionally. The costs of the industry increase by 5.4% in 2023, largely driven by rising labour costs. The total number of companies decreases in 2023, to 9,361 units. The industry is fragmented, with the top one company generating 0.1% of total production value in 2023. Cypress Sports SA De CV is the largest company in Mexico, generating 0.1% of the industry’s total production value in 2023. Mexico has the largest market size for sports goods regionally, with demand reaching USD1.4 billion in 2023. Households drive market demand, with household spending representing 86.2% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 66.0% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Sports Goods in Mexico: ISIC 3693. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Sports Goods in Mexico: ISIC 3693 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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