The market is dominated by domestic suppliers, as imports account for 27.8% of total market size in 2023. Households drive market demand, with household spending representing 71.7% of total demand in 2023. Brazil has the largest market size for optical instruments and photographic equipment regionally, with demand reaching USD3.7 billion in 2023. Essilor Da Amazônia Indústria E Comércio Ltda is the largest company in Brazil, generating 7.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 10.9% of total production value in 2023. The total number of companies increases in 2023, to 1,950 units. The costs of the industry increase by 4.7% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 28.4% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 1.4% of total production output. With production value of USD1.2 billion, Brazil accounts for 36.7% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in Brazil: ISIC 332. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Optical Instruments and Photographic Equipment in Brazil: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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