In 2017, products sold in-store accounted for **** percent of retail purchases of furniture and household items stores in Mexico. In contrast, retail goods purchased online within this category accounted for only *** percent of the industry's sales in that year.

In 2017, products sold online accounted for **** percent of wholesale purchases of small and major household appliances in Mexico. In contrast, wholesale goods purchased in-store within this category accounted for around **** percent of the industry's sales in that year.

In 2023, the domestic sales value of chocolate manufactured in Mexico reached ***** billion Mexican pesos. This represents an increase of ** percent compared to the previous year.

Mexico Sales: RP: Plastic: Household Plastic Products data was reported at 2,421.381 MXN mn in Feb 2025. This records a decrease from the previous number of 2,537.115 MXN mn for Jan 2025. Mexico Sales: RP: Plastic: Household Plastic Products data is updated monthly, averaging 1,954.284 MXN mn from Jan 2018 (Median) to Feb 2025, with 86 observations. The data reached an all-time high of 2,683.715 MXN mn in Oct 2022 and a record low of 1,367.106 MXN mn in Jun 2020. Mexico Sales: RP: Plastic: Household Plastic Products data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.C001: Manufacturing Sales.

The Mexico Small Home Appliances Market is poised for robust expansion, projected to reach a substantial value. Driven by evolving consumer lifestyles, increasing disposable incomes, and a growing preference for convenience and modern living, the demand for innovative and energy-efficient small home appliances is on a steady upward trajectory. Key product segments such as kitchen appliances (blenders, toasters, coffee makers), personal care devices, and home comfort solutions are expected to witness significant traction. The market's growth is further bolstered by rising urbanization and a greater emphasis on home improvement and interior aesthetics, encouraging consumers to invest in appliances that enhance both functionality and living space appeal. E-commerce channels are also playing an increasingly vital role, expanding accessibility and offering a wider array of product choices, thereby stimulating market penetration and sales volume. The projected Compound Annual Growth Rate (CAGR) of the Mexico Small Home Appliances Market over the forecast period of 2019-2033 indicates sustained and dynamic growth. From a base year of 2025, where the market size is valued at 5.89, this upward trend is anticipated to continue. Factors such as technological advancements, leading to the introduction of smart and connected appliances, will cater to a more tech-savvy consumer base. Furthermore, an increasing focus on sustainability and energy efficiency by both manufacturers and consumers will drive demand for eco-friendly options. Competitive pricing strategies and the introduction of products tailored to the specific needs and preferences of the Mexican consumer will be crucial for market players. The historical data from 2019-2024 likely reflects an initial phase of this growth, laying the foundation for the accelerated expansion anticipated in the coming years. Key drivers for this market are: The rapid growth of e-commerce in Mexico has made it easier for consumers to access a wide range of small home appliances. Online shopping platforms offer consumers greater convenience, competitive pricing, and a broader selection of products, contributing to the market’s growth.. Potential restraints include: A significant portion of the Mexican consumer base is price-sensitive, especially in the lower-income segments. This price sensitivity can limit the market for premium or high-end small home appliances, with many consumers opting for more affordable options.. Notable trends are: The adoption of smart home technology is growing in Mexico, with increasing demand for smart and connected small home appliances. Consumers are looking for appliances that can be controlled remotely via smartphones and integrated into broader smart home ecosystems, such as smart ovens, connected coffee makers, and IoT-enabled air purifiers..

The Department Stores industry in Mexico comprises establishments known as department stores that retail a wide variety of products, including furniture, household appliances, sporting goods, books, toys, perfume, movies, music and other entertainment items. Establishments that retail industry products in combination with the preparation and service of food and beverages for immediate consumption are also included in this industry. The most popular items offered by this industry are electronics, clothing, cosmetics and furniture. The industry has been growing in line with improving macroeconomic conditions in Mexico. Over the five years to 2019, industry revenue is estimated to increase at an annualized rate of 1.5% to MXN $295.2 billion, including a 1.7% increase in 2019 in line with an identical increase in consumer spending.

In 2024, the Mexican domestic appliances market increased by 3.7% to $14.1B, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.2% from 2012 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017 when the market value increased by 6% against the previous year.

The size of the Mexico Home Appliances Market market was valued at USD 15.45 Million in 2023 and is projected to reach USD 21.91 Million by 2032, with an expected CAGR of 5.12% during the forecast period. Recent developments include: In January 2024, LG Electronics (LG) bolstered its manufacturing capabilities by inaugurating a state-of-the-art scroll compressor production line at its Monterrey facility in Mexico., In April 2023, German engineering and technology firm, Robert Bosch, known for its production of domestic appliances, had initially earmarked USD 75.3 million for its Aguascalientes operations in Mexico. However, the company has now decided to ramp up its investment, committing a substantial USD 258.2 million to the facility.. Key drivers for this market are: Rising Disposable Income, Urbanization and Rising Demand for Residential Housing. Potential restraints include: High Cost of Maintenance, Lack of Consumer Trust in Online Sales. Notable trends are: Residential Boom and Changing Lifestyles Fueling the Mexican Home Appliances Market.

For the fifth consecutive year, the Mexican domestic electro-thermic appliances market recorded growth in sales value, which increased by 5.6% to $4.7B in 2024. Overall, the total consumption indicated a pronounced expansion from 2012 to 2024: its value increased at an average annual rate of +3.2% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

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Mexico Retail Market Size 2024-2028

The mexico retail market size is forecast to increase by USD 78.49 billion, at a CAGR of 4.5% between 2023 and 2028.

The market is witnessing significant growth, driven by the influx of numerous retail stores and innovative packaging and marketing initiatives by prominent companies. This dynamic market environment presents both opportunities and challenges for retailers. On the one hand, the increasing competition necessitates continuous innovation and differentiation to capture consumer attention. Retailers are investing in unique product offerings, enhanced shopping experiences, and creative marketing strategies to stand out from the crowd. Additionally, the adoption of technology, such as mobile payments and e-commerce platforms, is becoming increasingly common, providing new avenues for growth. On the other hand, issues related to logistics and supply chain operations pose significant challenges. Mexico's complex geography and infrastructure can make distribution and delivery difficult and costly, particularly for perishable goods. Retailers must navigate these obstacles to ensure timely and cost-effective delivery, while also maintaining the quality and freshness of their products. In conclusion, the market is characterized by a competitive landscape and a growing consumer base. Retailers seeking to succeed in this market must focus on innovation, differentiation, and effective logistics management to capitalize on opportunities and overcome challenges. By staying agile and responsive to changing market conditions, retailers can thrive in this dynamic and exciting market.

What will be the size of the Mexico Retail Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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In Mexico's retail market, payment systems continue to evolve, with contactless and digital payments gaining traction. Retail infrastructure development remains a priority, shaping store locations and shopping habits. Consumer preferences shift towards convenience and personalized experiences, driving retail innovation and technological disruption. Risk management and retail metrics are crucial for competitive analysis, as market penetration and price elasticity impact sales growth. Emerging technologies, such as augmented reality and artificial intelligence, reshape retail partnerships and product differentiation strategies. Lease agreements and import duties pose challenges for retailers, requiring careful consideration in business decisions. Labor costs, consumer confidence, and the retail workforce are essential retail metrics, impacting brand loyalty and store expansion plans. E-commerce security and data privacy concerns persist, necessitating robust risk management strategies. Supply chain resilience and disaster recovery plans are essential for business continuity in the face of economic factors and population demographics. Crisis management and crisis communication are vital skills for retailers in a volatile market. Private label brands and income distribution patterns influence consumer behavior and economic trends. Retail real estate and population demographics shape store expansion plans, while crisis management and business continuity plans ensure operational resilience.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductPFD and AB and TPPersonal and household careAF and AElectrical and electronicsOthersDistribution ChannelOfflineOnlineGeographyNorth AmericaMexico

By Product Insights

The pfd and ab and tp segment is estimated to witness significant growth during the forecast period.

The Mexican retail market is witnessing significant developments in various sectors, including packaged food and drinks, alcoholic beverages, and tobacco products. The upward trend in commodity prices is driving growth in these categories. Consumers' increasing preference for imported goods, particularly processed foods, is expected to result in the highest growth rate during the forecast period. Mini marts are gaining popularity in both big cities and small towns, primarily selling instant food and beverage products. Ready-to-eat food products have seen a surge in sales, leading manufacturers to launch and promote healthier options. In the realm of technology, energy efficiency, fraud prevention, and point-of-sale systems are essential for retailers. Supply chain sustainability and ethical sourcing are becoming crucial factors in consumer decision-making. Social media marketing and digital marketing are essential tools for retailers to engage with customers and build loyalty programs. Mexican retail law

Explore the booming Mexican Laundry Detergent market. Discover key growth drivers, emerging trends, and market size exceeding USD 1.53 billion with a CAGR of over 2.00%. Get insights into leading companies, product segments, and regional dynamics for strategic planning. Key drivers for this market are: Rising Disposable Income is Driving the Market. Potential restraints include: Price Volatility of Raw Manufacturers, Economic Fluctuations and Consumer Purchasing Power. Notable trends are: Increase in Imports of Washing Machines in Mexico.

The Mexican market for domestic, non-electric, cooking or heating appliances reduced modestly to $637M in 2024, approximately mirroring the previous year. Over the period under review, consumption showed a mild downturn. Over the period under review, the market hit record highs at $994M in 2016; however, from 2017 to 2024, consumption remained at a lower figure.

In 2023, domestic sales of baked goods and tortillas produced in Mexico accounted for ***** percent of the total sales. That year, the total sales of baked goods and tortillas reached over *** billion Mexican pesos.

Explore the booming Mexican Major Home Appliance Industry! Discover market size, growth drivers, key trends, and dominant players from 2025-2033. Key drivers for this market are: Rise in Household Disposable Income, Rise in Sales of Washing Machines and Refrigerators. Potential restraints include: Increase in Price of Major Appliances Post Covid, Supply Chain Disruptions in Market with Rising Geopolitical Issues. Notable trends are: Refrigerators are The Leading Major Home Appliance And Subsequent Revenue Growth.

Enterprise-Value-To-Sales-Ratio Time Series for Grupo Elektra S.A.B. de C.V. Grupo Elektra, S.A.B. de C.V. operates as a financial services and specialty retail company in Latin America. The company operates in two segments, Financial Business and Commercial Business. It provides banking and credit services, including receiving deposits, accepting and granting loans and credit, raising funds from the public, investing in securities, entering repurchase agreements, issuing bank bonds, issuing subordinated debentures, and performing other commercial banking operations; short-term non-bank loans; and other financial services, including short-term cash advances. The company is also involved in the provision of insurance and reinsurance services in life, accident and illness, damage operations, and personal accident and medical expense operations; insurance, coinsurance, and reinsurance services in property, casualty, and professional liability, marine and transportation, fire, earthquake, other catastrophic risks, and automobile; other related services; management of individual retirement account resources for workers; and brokerage services. In addition, it engages in the retail business of motorcycles, telephones, appliances, household goods, entertainment, consumer electronics, furniture, computers, electronic money transfers, extended warranties, and cell phone minutes. The company was founded in 1950 and is based in Mexico City, Mexico.

This report is the result of Conlumino’s extensive market research covering Mexico Home Improvement and Gardening Supplies Retailers. It provides detailed historic and forecast sales value of the market at channel level. "Home Improvement and Gardening Supplies Retailers in Mexico: Market Snapshot to 2019" provides a top-level overview and detailed insight into the operating environment of Mexico retail industry. It is an essential tool for companies active across Mexico retail value chain and for new players considering entering the market. Read More

The size of the Latin America Home Appliances Market market was valued at USD 61.15 Million in 2024 and is projected to reach USD 86.04 Million by 2033, with an expected CAGR of 5.00% during the forecast period. Recent developments include: June 2023: Tuya Smart, which exists as an IoT development platform service provider, partnered with Mirage, an air conditioner manufacturer in Mexico. The partnership aims to develop smart air conditioner products for the Mexican market with the expansion of IoT solutions for promoting greener and smarter home appliances., April 2023: Midea Group launched its third plant in Brazil (Pouso Alegre) with an investment of USD 102.29 million. The plant will integrate digital production technologies and innovative science and technology with the launch of the first batch of intelligent refrigerators.. Key drivers for this market are: Rise in Household Disposable Income, Rise in Sales of Washing Machines and Refrigerators. Potential restraints include: Increase in Price of Major Appliances Post Covid, Supply Chain Disruptions in Market with Rising Geopolitical Issues. Notable trends are: Rising Sales of Major Appliances is Driving the Market.

Explore the thriving Mexico Kitchen Appliances Products Market! Discover key insights, growth drivers, and forecasts with a CAGR over 3.00%. Get an in-depth analysis of market size, segments, and leading companies. Key drivers for this market are: Expanding Construction and Real Estate Sector. Potential restraints include: Rising competition among the players. Notable trends are: Increasing Gross Production of Small Kitchen Appliances.

Domestic sales of sugar and confectionery produced in Mexico attained a value of ****** billion Mexican pesos in 2023. This represents an increase of about five percent compared to the previous year. The majority of the confectionery market revenue in Mexico was generated by the sugar confectionery segment.

The statistic shows the change in retail sales of selected home care products categories in Mexico in 2015. That year, retail sales of bathroom cleaners increased by 10.9 percent compared to 2014.