The market is dominated by domestic suppliers, as imports account for 40.5% of total market size in 2022. Households drive market demand, with household spending representing 51.3% of total demand in 2022. Brazil has the largest market size for musical instruments regionally, with demand reaching USD340 million in 2022. Giannini SA is the largest company in Brazil, generating 8.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 19.1% of total production value in 2022. The total number of companies decreases in 2022, to 11,136 units. The costs of the industry increase by 9% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 6.1% of production value in 2022, the 13th highest regionally. The industry’s exports share decreases in 2022 to 2.7% of total production output. With production value of USD96.3 million, Brazil accounts for 25.5% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Musical Instruments in Brazil: ISIC 3692. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Musical Instruments in Brazil: ISIC 3692 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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