Abrasives Market in Brazil
Market Overview
The Brazilian abrasives market reduced to $
in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a remarkable increase. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market failed to regain momentum.
In value terms, abrasives production contracted to $ in estimated in export price. In general, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by %. As a result, production attained the peak level of $. From 2019 to , production growth remained at a somewhat lower figure.
in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a remarkable increase. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market failed to regain momentum.In value terms, abrasives production contracted to $
in estimated in export price. In general, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by %. As a result, production attained the peak level of $. From 2019 to , production growth remained at a somewhat lower figure.Consumption
In , the amount of abrasives (natural) consumed in Brazil shrank to tons, dropping by -% compared with the previous year. Overall, the total consumption indicated a resilient expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, consumption attained the maximum volume at tons in 2018; however, from 2019 to , consumption remained at a lower figure.
The revenue of the abrasives market in Brazil declined to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a resilient increase. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.
, the amount of abrasives (natural) consumed in Brazil shrank to tons, dropping by -% compared with the previous year. Overall, the total consumption indicated a resilient expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, consumption attained the maximum volume at tons in 2018; however, from 2019 to , consumption remained at a lower figure.The revenue of the abrasives market in Brazil declined to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a resilient increase. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.Market Forecast
Driven by increasing demand for abrasives (natural) in Brazil, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, the share of imports in terms of total abrasives consumption in Brazil was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Brazil abrasives market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
% figure. In value terms the share of imports also stood at a low figure, which means that the Brazil abrasives market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Brazil remains a net importer of abrasives; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.
. In , there was a significant trade deficit of tons, which was equal to $.
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