The market is dominated by domestic suppliers, as imports account for 25.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. Brazil has the largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD54.9 billion in 2023. Petroleo Brasileiro SA (Preference) is the largest company in Brazil, generating 42.9% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 53.8% of total production value in 2023. The total number of companies increases in 2023, to 32,014 units. The costs of the industry decrease by 4.1% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 35.0% of production value in 2023, the 13th highest regionally. The industry’s exports share decreases in 2023 to 48.4% of total production output. With production value of USD79.2 billion, Brazil accounts for % of the Latin America total in 2023.
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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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