The market is dominated by domestic suppliers, as imports account for 6.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 99.7% of total demand in 2023. Brazil has the third largest market size for tanks, reservoirs, boilers and radiators regionally, with demand reaching USD1.5 billion in 2023. Sermatec Indústria e Montagens Ltda is the largest company in Brazil, generating 2.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 6.7% of total production value in 2023. The total number of companies decreases in 2023, to 6,486 units. The costs of the industry increase by 3.5% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 7.8% of production value in 2023, the 13th highest regionally. The industry’s exports share increases in 2023 to 3.6% of total production output. With production value of USD899 million, Brazil accounts for 15.4% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Tanks, Reservoirs, Boilers and Radiators in Brazil: ISIC 2812. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Tanks, Reservoirs, Boilers and Radiators in Brazil: ISIC 2812 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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