Manostat Market Overview in Brazil
The size of the manostat market in Brazil declined modestly to $ in 2019, remaining relatively unchanged 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, the total consumption indicated a tangible expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of % year-to-year. Brazil consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.