Porcelain Technical Ware Market in Brazil
Market Overview
In 
, the Brazilian porcelain technical ware market decreased by -% to $, falling for the fourth consecutive year after two years of growth. Overall, consumption continues to indicate a perceptible downturn. Porcelain technical ware consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
, the Brazilian porcelain technical ware market decreased by -% to $, falling for the fourth consecutive year after two years of growth. Overall, consumption continues to indicate a perceptible downturn. Porcelain technical ware consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.Consumption
In , consumption of porcelain ceramic wares for laboratory, technical, and chemical use decreased by -% to tons, falling for the fourth consecutive year after two years of growth. In general, consumption recorded a noticeable contraction. Porcelain technical ware consumption peaked at tons in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
The revenue of the porcelain technical ware market in Brazil reduced rapidly 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). Overall, consumption saw a perceptible reduction. Porcelain technical ware consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
, consumption of porcelain ceramic wares for laboratory, technical, and chemical use decreased by -% to tons, falling for the fourth consecutive year after two years of growth. In general, consumption recorded a noticeable contraction. Porcelain technical ware consumption peaked at tons in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.The revenue of the porcelain technical ware market in Brazil reduced rapidly 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). Overall, consumption saw a perceptible reduction. Porcelain technical ware consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by rising demand for porcelain technical ware in Brazil, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, 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
Porcelain technical ware market in Brazil consists almost entirely of imported products.
Trade Balance
Brazil remains a net importer of porcelain technical ware; 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 $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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