The Mexican structured products market was worth an estimated MXN331.1 billion (US$16.9 billion) in 2023, an increase of 10% by sales volume year-on-year (YoY).
Certificates of deposit, bonds, and, to a lesser extent, structured warrants are the main wrappers in Mexico. The former is the largest by sales volume and in each of the past five years it has held a market share of more than 50% - the exception being 2020 when the market share for certificates of deposit was 48%. The share for structured bonds has mostly hovered around the 40% mark between 2019-2023. In 2023, sales volumes for certificates of deposit reached MXN198.2 billion, an increase of
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