Mexico rates above Argentina and Brazil with 55% of the total sales of luxury goods in Latin America.
Consumer Goods Sector In Mexico
The Mexican market has shown a growing demand for luxury goods and it was a terrific idea to
bring Thomas Pink stores to Mexico”. Jonathan Heilborn CEO of Thomas Pink.
Mexico continues to be an important market for European firms. British products are recognized
for their quality and perform well in the Mexican market.
The luxury goods market is the second most important in Mexico after the mass segment.
Indeed, Mexico rates above Argentina and Brazil with 55% of the total sales of luxury goods in
Latin America. According to AC Nielsen, 6.4 million Mexicans will have annual incomes of
over US$60,000 by 2030.
Some key opportunities in the Mexican market are:
Luxury goods: Luxury goods are the second most important sector of business in the Mexican
market after mass consumption products.
Cosmetics: During 2011 health and beauty specialist retailers increased by 4% in current value
terms, reaching US$11.96 billion. On the other hand, surveys show that Mexican men across all
age groups are growing more concerned about their own physical appearance and health,
especially when it comes to hair loss, dandruff, white teeth and clear skin. Moreover, by 2016 it
is expected that the number of people aged above 40 will exceed 36 million in the country. This
will maintain cosmeceuticals’ main focus in the development of anti-ageing products for these
Footwear: The footwear retail market is highly fragmented, but large retail groups hold a strong
position in the market wielding bargaining power over suppliers. Rivalry is strongest between
these large players.
Toys: Just behind Brazil, Mexico is the second largest traditional toys and games market in Latin
America, with value sales reaching almost US$2.1 billion in 2011. Mexico also had the second
biggest 0-14-year-old population in the region in 2011 at more than 30 million. The Mexican
toys & games market grew by 3.2% in 2011 to reach a value of US$1,655 million. Plush is the
largest segment of the toys & games market in Mexico, accounting for 25.9% of the market's
Household appliances: Marked growth of the Mexican middle class over the review period has
resulted in a larger number of households demanding beauty and personal care products than
ever before. Mexico accounts for 7% of the Americas household appliances market value.
Latest export opportunities in the Food and Drink sector
Latest export opportunities in the Business and Consumer Services sector
Latest export opportunities in the Goods, Furniture & Furnishings sector
Latest export opportunities in the Clothing, Footwear & Fashion sector
Latest export opportunities in Mexico
Getting into the market
Person-to-person direct selling maintains its preference among sales representatives, accounting
for over 80% of retail sales.
Luxury brand directors agree that the success of a brand in Mexico is strongly related to the
brands’ business strategy, having a wide range of products and the correct distribution channels.
Using strategic selling locations is also a key to ensuring luxury brand success.
Research is also critical when considering any new markets, especially Mexico. For UK
companies interested in doing business in Mexico, UKTI provides market research services
- Validated lists of agents/distributors.
- Key market players or potential customers in the Mexican market.
- Establishment of interest of such contacts in working with you.
- Arranging appointments.
- Organisation of seminars or other events for you to meet contacts and promote your company
in the Mexican market. More about doing business in Mexico
Market intelligence is critical when doing business overseas, and UKTI can provide bespoke
market research and support during overseas visits though our chargeable Overseas Market
Introduction Service (OMIS).
To commission research or for general advice about the market, get in touch with our specialists
in country - or contact your local international trade team.
ξ Jose Luis Rodriguez, UKTI Office Guadalajara. Tel: +52 (33)3630.4357 or email:
email@example.com , JoseLuis.Rodriguez@fco.gov.uk
ξ Irma Gloria Saldaña, UKTI Office Guadalajara. Tel: +52 (33)3630.4357 or email:
Contact your local international trade team
UKTI runs a range of events for exporters, including seminars in the UK, trade missions to
overseas markets and support for attendance at overseas trade shows.
Latest events in Mexico
Latest events in the Clothing, Footwear & Fashion sector
Latest events in the Food & Drink sector
Latest events in the Household Goods, Furniture and Furnishings sector
Latest events in the Business and Consumer Services sector
More about OMIS and other UKTI services for exporters