The market is dominated by domestic suppliers, as imports account for 27.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 81.9% of total demand in 2023. Brazil has the largest market size for rubber products regionally, with demand reaching USD18.1 billion in 2023. Vipal Borrachas SA is the largest company in Brazil, generating 4.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 15.3% of total production value in 2023. The total number of companies decreases in 2023, to 6,379 units. The costs of the industry increase by 2.5% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 15.8% of production value in 2023, the 12th highest regionally. The industry’s exports share decreases in 2023 to 10.1% of total production output. With production value of USD10.6 billion, Brazil accounts for 42.8% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Rubber Products in Brazil: ISIC 251. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Rubber Products in Brazil: ISIC 251 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Rubber and Plastic is an aggregation of Plastic and Rubber products.
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