The Mexican market for floor, wall or ceiling coverings of plastics was estimated at $940M in 2024, growing by 9% against the previous year. Overall, consumption enjoyed buoyant growth. Consumption of peaked at $1.1B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

In 2024, the Mexican remote control apparatus market increased by 5.1% to $301M, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2024: its value increased at an average annual rate of +7.5% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

The average price of regular gasoline in Mexico reached ***** Mexican pesos per liter as of December 2024, up from more than ** pesos per liter in the previous year. For premium gasoline, average prices increased from **** pesos to ***** pesos per liter in the same period. What defines the price of gasoline in Mexico? The North American country is highly dependent on gasoline imports in order to meet its demand. Since 2016, gasoline imports by Pemex – Mexico’s national oil corporation – have averaged at more than *** thousand barrels per day in a regular year. With the government’s control put to an end in late 2017, prices are since controlled by the market, and in turn strongly affected by global oil prices. Nevertheless, other factors come into play, such as import tariffs, or transport and logistics costs. In fact, prices also vary across Mexico. In 2023, Guerrero was the state with the highest average gasoline price, while Tamaulipas reported the lowest figure. How does Mexico compare with the rest of Latin America? At an average of *** U.S. dollars per liter, Mexico had one of the highest prices in the region as of June 2023. This figure was above the average gasoline price reported in Latin America at the time. The country's gasoline purchasing power decreased in recent years. In 2023, the average Mexican salary could afford approximately *** liters of gasoline.

The average remote control apparatus export price stood at $12.5 per unit in January 2025, almost unchanged from the previous month.

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Tortilla Market Size 2024-2028

The tortilla market size is forecast to increase by USD 10.43 billion, at a CAGR of 5.25% between 2023 and 2028.

The market is witnessing significant growth, driven primarily by the increasing preference for convenience foods. This trend is particularly prominent in developed regions, where consumers lead busy lives and seek time-saving meal solutions. Another key trend shaping the market is the rising demand for gluten-free food and tortillas, catering to the growing number of consumers with dietary restrictions. However, the market is not without challenges. Fluctuations in food commodity prices pose a significant threat, as tortillas are primarily made from corn or wheat, both of which are subject to price volatility.
Companies must navigate these price fluctuations effectively to maintain profitability and competitiveness. To capitalize on the market's growth potential and mitigate challenges, businesses should focus on innovation, such as introducing new flavors and product lines, and implementing efficient supply chain strategies to manage commodity price risks.

What will be the Size of the Tortilla Market during the forecast period?

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The market continues to evolve, reflecting shifting consumer preferences and advancements in production techniques. Fiber content, a key consideration for health-conscious consumers, is increasingly prioritized in tortilla offerings. Ingredient sourcing, from masa harina to vegetable oils, plays a crucial role in meeting these demands. Gluten content is another critical factor, with the market responding with an array of options, including gluten-free and organic tortillas. Protein content is also gaining attention, with high-protein tortillas emerging as a popular choice. Food manufacturers employ various methods, such as adding plant-based proteins or using alternative flours, to cater to this trend.

Quality control is paramount, ensuring consistent product standards and food safety. Supply chain complexities, from raw material sourcing to distribution, necessitate continuous adaptation. Innovation in areas like low-carb, multigrain, and sprouted grain tortillas further adds to the market's dynamism. The evolving landscape also encompasses various sectors, including grocery stores, convenience stores, food service, and snack foods. Food waste reduction and sustainable packaging materials are increasingly important considerations, as the market adapts to growing environmental concerns. Dough mixing techniques and shelf life management are other areas of ongoing focus, ensuring optimal product quality and consumer satisfaction.

How is this Tortilla Industry segmented?

The tortilla industry 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.

Distribution Channel

  Offline
  Online


Product

  Tortilla chips
  Pre-cooked tortilla
  Tortilla mix


End-User

  Household
  Commercial (Restaurants, Catering)
  Industrial


Application

  Tacos
  Burritos
  Enchiladas
  Quesadillas


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    Indonesia
    Malaysia
    South Korea
    Thailand


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

In The market, offline distribution channels, particularly supermarkets, grocers, convenience stores, specialty food stores, and local markets, hold a significant share. These channels cater to customers seeking in-person purchases, quality checks, diverse tortilla choices, and prompt order fulfillment. Major retailers like Walmart and Kroger, neighborhood grocery stores, and specialty food merchants, including Mexican markets and bakeries, are integral to the offline distribution network. The production process involves the use of ingredients such as wheat flour, masa harina, and corn flour, with baking powder and vegetable oil added for dough mixing. Calorie count, sodium content, and fiber content vary depending on the type of tortilla, with organic, high-fiber, gluten-free, and low-carb options available.

Food manufacturers ensure quality control through stringent sourcing of ingredients and adherence to food safety regulations. Food waste is minimized through efficient supply chain management and optimized production processes. Packaging materials are chosen based on factors like shelf life and product protection. Product innovation, such as

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The average export price for process control, gate, globe and other valves stood at $25,496 per ton in January 2025, growing by 13% against the previous month.

The Mexican market for process control, gate, globe and other valves shrank modestly to $4.1B in 2024, falling by -1.5% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2024: its value increased at an average annual rate of +6.2% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

In 2024, the Mexican market for PVC floor, wall and ceiling coverings increased by 3.9% to $125M for the first time since 2019, thus ending a four-year declining trend. Over the period under review, the total consumption indicated a mild increase from 2012 to 2024: its value increased at an average annual rate of +1.3% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

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In 2024, the Mexican market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by -41% to $16.4B for the first time since 2021, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a prominent increase. Consumption of peaked at $27.8B in 2023, and then declined notably in the following year.

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Nachos Market Size 2024-2028

The nachos market size is forecast to increase by USD 1.78 billion, at a CAGR of 5.63% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the expanding organized retail sector and the increasing popularity of online shopping. The organized retail sector's growth is fueled by factors such as convenience, affordability, and the wide variety of offerings. This trend is expected to continue as consumers increasingly seek out convenient and efficient shopping experiences. Another key trend in the market is the growing prominence of online shopping. For those who prefer a meaty twist, ground beef or shredded chicken can be added. With the increasing availability of high-speed internet and the convenience of shopping from home, consumers are increasingly turning to online platforms to purchase nachos and related products.
However, companies operating in this market face challenges, including the need to adhere to stringent regulations and guidelines. Compliance with food safety regulations and labeling requirements is crucial to maintain consumer trust and avoid potential legal issues. Companies must navigate these challenges effectively to capitalize on the market's growth potential and meet the evolving demands of consumers.

What will be the Size of the Nachos Market during the forecast period?

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The market continues to evolve, with dynamic market dynamics shaping its landscape. Cheese sauce viscosity and tortilla chip texture are crucial factors influencing consumer preferences, leading to ongoing research and development in ingredient functionality and processing techniques. Flavor profile optimization and seasoning blend formulation are essential for product differentiation and consumer satisfaction. Cost-effective production and oil absorption control are key considerations for manufacturers, with automated dispensing systems and production process efficiency playing a significant role. Quality control procedures, including automated quality checks and sensory evaluation methods, ensure consistency and maintain product integrity. Ingredient interactions and sodium content reduction are areas of focus for health-conscious consumers, driving innovation in ingredient sourcing strategies and flavor stability testing.

Waste reduction initiatives, such as colorimetric analysis and packaging design optimization, are essential for sustainability and cost savings. Machining process parameters, thermal processing methods, and ingredient cost analysis are crucial elements of the supply chain, with supply chain traceability ensuring transparency and trust. Crispness preservation techniques and microbial contamination control are essential for maintaining product quality and safety. The market's continuous dynamism is reflected in the ongoing research and development efforts across various sectors. From ingredient functionality to consumer segmentation, manufacturers and suppliers are constantly seeking innovative solutions to meet evolving market demands.

How is this Nachos Industry segmented?

The nachos industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Baked
  Fried


Application

  Commercial
  Household


Distribution Channel

  Supermarkets & Hypermarkets
  Convenience Stores
  Online Retail
  Foodservice


Flavor Profile

  Cheese
  Spicy
  Savory
  Sweet


Consumer Preference

  Gluten-Free
  Organic
  Low-Sodium
  Vegan


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Product Insights

The baked segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth and innovation, driven by various factors. Texture analysis techniques play a crucial role in ensuring the optimal crispness of tortilla chips and the desired viscosity of cheese sauce. Cost-effective production methods are being adopted to reduce manufacturing costs, while sodium content reduction and oil absorption control are key considerations for health-conscious consumers. Automated dispensing systems and quality checks streamline the production process, enhancing efficiency and consistency. Consumer segmentation and marketing campaign development cater to diverse preferences, with product differentiation strategies based on flavor profi

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The Mexican radar apparatus market totaled $X in 2022, picking up by X% against the previous year. In general, consumption recorded prominent growth. Radar apparatus consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.