openPR Logo
Press release

Impact of COVID-19 on the Brazil Economy Analysis, Trends, and Forecast 2019 to 2025

04-30-2020 11:59 AM CET | Logistics & Transport

Press release from: Orion Market Research

Brazil is one of the fastest emerging economies across the globe with the nominal GDP of around $1.8 trillion in 2019 as per the International Monetary Fund. Brazil has also second-largest manufacturing sector in the Americas with industries ranging from automobiles, steel, and petrochemicals to computers, aircraft, and consumer durables. Brazil is one of the fastest emerging economies across the globe with the nominal GDP of around $1.8 trillion in 2019 as per the International Monetary Fund.

Request a Free Sample of our Report on Impact of COVID-19 on the Brazil Economy: https://www.omrglobal.com/request-sample/impact-of-covid-19-on-brazil-economy

Brazil has also second-largest manufacturing sector in the Americas with industries ranging from automobiles, steel, and petrochemicals to computers, aircraft, and consumer durables. However, the recent outbreak of coronavirus (COVID-19), originating from China, has put a threat to the macroeconomic stability of Brazil as well as other Latin American and the Caribbean countries. Countries of Latin America, including Brazil, have significant links to China and their economic relation with China have rapidly increased in recent decades, particularly through trade, foreign direct investment, and loans. In 2000, Latin America's trade with China was valued at $12 billion, which increased to $306 billion in 2018.

China represents nearly 28% of total Brazilian exports, 10.5% of Argentine exports, and 32.4% of Chile's export. Moreover, these countries export primary products such as minerals and metals, agriculture products, and fuels to China. This trade of goods has got negatively impacted due to COVID-19 spread. The report analyzes the impact of COVID-19 on the Brazil economy and major verticals across the country. China has been trading with Brazil countries for decades. Its main Brazil trading partners include Brazil, Argentina, Chile, Peru, Colombia, and Venezuela. The export of these clusters of countries is concentrated in four products including copper, soy, crude oil, and iron ore, which represent around 75% of Brazil exports. The spread of coronavirus that has led to the implementation of lockdown for people as well as businesses, will negatively impact the trade of Brazil countries with China.

Moreover, verticals such as automobile, retail, mining and minerals, travel and tourism, oil industry, and others have been analyzed in the report. The oil industry is one of the industries that contribute significantly towards the economy of some Brazil countries including Brazil and Mexico. Chinese companies have also invested a significant amount of capital in the oil and gas sector of several other emerging markets including Brazil and Mexico.

Owing to the faltering energy consumption in China and the rapid spread of COVID-19 across the globe, these countries too may witness some dip in their oil and gas income. Brazil and Nigeria export considerable volumes of their crude oil production to China, which is expected to drop over the short term. Further, the report analyzes the companies operating in Brazil whose business operations are significantly affected due to COVID-19. Some of these companies include AmBev, Andrade Gutierrez, Avianca Brasil SA, Braskem SA, JBS SA, PetrleoBrasileiro SA, TrollerVeculosEspeciais SA, and others.

A Full Report of Impact of COVID-19 on the Brazil Economy is Available at https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-brazil-economy

Major Verticals Affected

o Automobile
o Mining and Minerals
o Aviation
o Oil Industry
o Retail
o Others (IT & Telecom)

Company

o AmBev
o Andrade Gutierrez
o Avianca Brasil SA
o Braskem SA
o Copacol
o Hypera Pharma SA
o Iochpe-Maxion SA
o JBS SA
o PetrleoBrasileiro SA
o TrollerVeculosEspeciais SA

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-on-brazil-economy

For More Information, Visit https://www.omrglobal.com/

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-0404

About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Impact of COVID-19 on the Brazil Economy Analysis, Trends, and Forecast 2019 to 2025 here

News-ID: 2030698 • Views:

More Releases from Orion Market Research

Infrastructure as Code (IaC) Service Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Infrastructure as Code (IaC) Service Market Size Analysis, Competitive Insights, …
Infrastructure as Code (IaC) Service Market was valued at approximately USD 0.932 billion, and it's projected to expand to around USD 7.509 billion by 2033, achieving a robust CAGR of 23.2% from 2024 to 2033. Infrastructure as Code (IaC) Service Market Overview The Infrastructure as Code (IaC) Service Market is experiencing remarkable expansion, fueled by the escalating need for scalable, automated infrastructure deployment across cloud and enterprise environments. In 2023, the market
Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market : A Guide to Understanding the Process
Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market : A Guide to …
Ultra High‐Performance Liquid Chromatography (UHPLC) Columns Market is estimated to be valued at USD 2.5 billion, and is projected to grow to approximately USD 4.8 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.8% from 2024 to 2033. Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market Overview The UHPLC columns market is on a strong growth trajectory, fueled by increasing demand for rapid, high-resolution analytical techniques across pharmaceuticals, biotechnology,
Property Management Service Market Rising Demand and Growth Forecast Through 2033
Property Management Service Market Rising Demand and Growth Forecast Through 203 …
Property Management Service Market was valued at approximately USD 17.3 billion. It is anticipated to reach around USD 32.0 billion by 2033, growing at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2033. Property Management Service Market Overview The Property Management Service Market is witnessing steady growth due to increasing urbanization, rising investments in real estate, and a growing demand for outsourced property management solutions. Property owners are increasingly
5G Chipset Market Set to Witness Significant Growth by 2033 | Apple Inc., HiSilicon Technologies Co., Ltd., ZTE Corporation,
5G Chipset Market Set to Witness Significant Growth by 2033 | Apple Inc., HiSili …
The global 5G chipset market was valued at USD 33.75 billion in 2024 and is projected to reach USD 502.66 billion by 2033, growing at a compound annual growth rate (CAGR) of 35% from 2025 to 2033. 5G Chipset Market Overview The 5G chipset market is experiencing rapid growth, driven by the global rollout of 5G networks and the increasing demand for high-speed, low-latency connectivity across various applications, including smartphones, IoT

All 5 Releases


More Releases for Brazil

Brazil Clinical Trials Market ANVISA Brazil Guidelines Brazil Clinical Trials Re …
Brazil Cancer Drugs Clinical Trials Insight 2024 Report Offering: • Brazil Clinical Trials Market Opportunity 2024 and 2030 (In US$ Billion) • Clinical Trials Regulatory Framework In Brazil • Total Number of Cancer Drugs In Clinical Trials In Brazil • Total Number Of Cancer Drugs Approved In Brazil • 400 Pages Clinical Trials Insight On All Cancer Drugs In Clinical Trials By Company, Indication and Phase • 80 Pages Clinical Insight On All Cancer Drugs Approved in Market By Company and Indication • Insight
South East Brazil growing with major share in the Brazil Professional Hair Care …
In the Report “Brazil Professional Hair Care Market: By Categories (Coloring, Perming & Straightening, Shampoo & Conditioning & Styling); Sales Channel (Back Bar and Take Home) & By Company - (2018-2023)“ published by IndustryARC, the market is driven by the growing awareness of special functionalities of products, boosting the sales of treatment and hair conditioning market. South East Brazil growing with major share in the Brazil Professional Hair Care Market The Northern
ATM Machine Market is Booming (18% CAGR)| NCR Brazil, Diebold Brazil, Wincor Nix …
HTF MI recently introduced ATM Machine Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Itautec S/A, NCR Brazil, Diebold Brazil, Wincor Nixdorf Brazil,
Brazil: Country Intelligence Report 2018 By Claro, Sky Brazil, Oi, Vivo, TIM Bra …
"Brazil: Country Intelligence Report", by GlobalData provides an executive-level overview of the telecommunications market in Brazil today, with detailed forecasts of key indicators up to 2021. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, and mobile, as well as a review of key regulatory trends.
Agrochemicals Market in Brazil
ReportsWorldwide has announced the addition of a new report title Brazil: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Brazil: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
ATM Machine Market in Brazil 2015-2019: Competitive analysis of key vendors, inc …
Albany, NY, Feb 23, 2017: This report segments the ATM machine market in Brazil by revenue generated and the unit shipment. It also includes the competitive analysis of key vendors, including Itautec S/A, NCR Brazil, Diebold Brazil and Wincor Nixdorf Brazil. Market scope of the ATM machine market in Brazil Technavios market research analyst predict that the ATM machine market in Brazil will continue to grow at CAGR of 18.72%. The key