Brazil Industry Reports

Brazil's IT market slipped to 12th place globally in 2022, totalling USD 45.9bn, according to the Brazilian Association of Software Companies (ABES). In 2023 and 2024, sector growth is expected to be driven by higher demand for cloud and Information ...

In 2022, the Brazilian mining sector experienced modest growth of 0.2% y/y, achieving an output of 925.4mn tonnes, according to the National Mining Agency (ANM). Production was divided into 50.5% non-metallic minerals and 49% metallic minerals. While ...

Latin America is home to some of the world's leading producers of base metals, mainly thanks to its vast reserves of metallic minerals, including iron ore, copper, zinc, lithium and others. According to data from the United States Geological Survey ...

In December 2023, the Brazilian Chamber of Construction Industry (CBIC) had forecast a decline of 0.5% y/y for construction GVA in 2023, after a pace of three consecutive years of expansion above the national economy. However, a recovery is expected ...

In Q3 2023, sales of new motor vehicles in Brazil stood at 631,076 units, increasing by 19.8% q/q and by 7.95% y/y. Passenger cars was the largest segment with a market share of 75.42% in Q3 2023, followed by light commercial vehicles and heavy ...

In the third quarter of 2023, the net revenue of Brazil's telecom industry stood at BRL 43.6bn, growing by 6.5% y/y compared to the third quarter of 2022 and by 2% compared to the second quarter of 2023. Mobile telephony services (including mobile ...

In Q3 2023, total insurance premium income in Brazil saw an increase of 11.5% y/y to BRL 175.7bn. This rise was mainly explained by the recovery of the economy, as GDP rose by 2% y/y in the quarter. Life insurance premium income went up by 9.7% y/y ...

The motor vehicle industry in Latin America continues to recover from the negative effects of the pandemic, but the recovery in 2021 and 2022 (both in output and domestic sales) was insufficient to reach the pre-pandemic volumes reported in 2019 ...

The transport sector plays a significant role in the Mexican economy, accounting for about 7.1% of the country's GDP in 2022, with the industry providing vital support for domestic economic activity. From 2017 to 2022, the transport sector's GVA ...