The market is dominated by domestic suppliers, as imports account for 12.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 75.2% of total demand in 2023. Brazil has the largest market size for refined petroleum products regionally, with demand reaching USD231 billion in 2023. Petróleo Brasileiro SA is the largest company in Brazil, generating 42.9% of the industry’s total production value in 2023. The industry is fragmented, with the top one company generating 42.9% of total production value in 2023. The total number of companies increases in 2023, to 261 units. The costs of the industry decrease by 0.8% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 12.1% of production value in 2023, the 13th highest regionally. The industry’s exports share decreases in 2023 to 5.1% of total production output. With production value of USD150 billion, Brazil accounts for % of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Refined Petroleum Products in Brazil: ISIC 232. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Refined Petroleum Products in Brazil: ISIC 232 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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