Manostat Market Overview in Mexico
In value terms, manostat production expanded to $ in 2019 estimated in export prices. Overall, production continues to indicate a mild decrease. The pace of growth was the most pronounced in 2011 with an increase of % y-o-y. Mexico production peaked at $ in 2013; however, from 2014 to 2019, production remained at a lower figure.
The value of the manostat market in Mexico dropped dramatically to $ in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a mild expansion. The growth pace was the most rapid in 2009 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.