The market is dominated by foreign suppliers, as imports account for 58.4% of total market size in 2024. Households drive market demand, with household spending representing 84.4% of total demand in 2024. Mexico has the largest market size for watches and clocks regionally, with demand reaching USD1.3 billion in 2024. Relojes Olvera Tercera Generacion is the largest company in Mexico, generating 8.2% of the industry’s total production value in 2024. The industry is fragmented, with the top four companies generating 15.6% of total production value in 2024. The total number of companies increases in 2024, to 2,356 units. The costs of the industry increase by 3.8% in 2024, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 11.0% of production value in 2024, the 11th highest regionally. The industry’s exports share decreases in 2024 to 5.6% of total production output. With production value of USD504 million, Mexico accounts for 43.0% of the Latin America total in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Watches and Clocks in Mexico: ISIC 333. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Watches and Clocks in Mexico: ISIC 333 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Household Goods in Mexico report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Household Goods?
- How the Household Goods will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Watches and Clocks in Mexico: ISIC 333
HEADLINES
MARKET OVERVIEW
Household Goods
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.
See all of our definitionsBuy this report to:
- Understand future opportunities and threats within the industry
- Track demand and supply structure
- Understand competitive landscape of the industry
- Inform market, strategy development and supply functions
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