Key View

• Mexico offers an attractive market for retail coffee sales over the medium-term (2021-2025), forecasted to grow at an average annual rate of 7.3% y-o-y.
• Two main drivers that will support this growth in Mexico are a growing premiumisation trend and an increasing demand for at-home coffee consumption, which has been boosted by the

Key View

• Mexico's generic drug market will experience strong growth in the long term.
• Supportive industry and government initiatives will also expand generic medicine growth.
• Increasing generic demand will drive export growth for Mexico.

Mexico's generic drug market will experience strong growth in the long term. Health expenses for

Key View

• A bill proposed by Mexico’s President Andrés Manuel López Obrador poses significant risk to private investment within the power and renewables sectors. Rule changes included in the bill aim to bolster the state-owned utility CFE at the expense of private renewables and power project developments.
• Proposed changes to the sector

Key View

• At Fitch Solutions, we believe the outlook for consumer spending on clothing and footwear in Mexico will slowly begin to recover in 2021, growing by 6.9% y-o-y, after spending declined by an estimated -15.7% in 2020.
• The sharp decline in consumer spending on fashion in 2020 was primarily driven by Covid-19-related restrictions, as

Key View

• We have revised upwards our forecast CAGRs for Mexico’s medical devices market in local currency and USD terms, and all product areas will see increased growth.
• Mexico’s dental market will benefit from the growing dental tourism industry in the country with a rising number of visitors from the US and Canada.
• The USMCA agreement will

Key View

• We expect a more aggressive tightening of regulations for private fuel distributors in Mexico in light of Pemex' struggle in both the upstream and downstream segments, exacerbated by the recent oil price rout, decline in production and the drop in fuel demand amid the Covid-19 pandemic.
• The Lozoya corruption allegations are also

Key View

• Recent developments point to significant policy shifts from Mexico’s government toward the development and operation of the country’s port infrastructure.
• In our view, a shift toward greater military involvement in port management and threats to alter the concession agreement for the port of Veracruz will drive elevated uncertainty

Key View

• Further food and drink regulation is planned by the Mexican authorities, with the state of Oaxaca announcing on August 5 that it would ban the sale junk food and sugary beverages for children.
• This move comes as a front-of-package labelling law is due to implemented nationwide in October 2020.
• We believe Covid-19 and its high