The market is dominated by domestic suppliers, as imports account for 31.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.7% of total demand in 2022. Brazil has the largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD44.5 billion in 2022. Petroleo Brasileiro SA (Preference) is the largest company in Brazil, generating 43.7% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 54.4% of total production value in 2022. The total number of companies decreases in 2022, to 45,992 units. The costs of the industry increase by 4.7% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 24.9% of production value in 2022, the 13th highest regionally. The industry’s exports share increases in 2022 to 53.9% of total production output. With production value of USD66.0 billion, Brazil accounts for 33.3% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Brazil: ISIC 11. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Extraction of Crude Petroleum and Natural Gas in Brazil: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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