Brazil is not only the largest country in South America but also one of the most robust economies on the continent. In 2022, the total trade volume between China and Brazil reached $171.345 billion, with China being Brazil's largest trading partner, and bilateral trade has surpassed $100 billion for five consecutive years. The Brazilian home industry has maintained strong growth momentum in recent years, with an estimated compound annual growth rate (CAGR) of approximately 10.5% expected during the period from 2022 to 2027.
1.China is the top source of imported home products for Brazil, accounting for 31.5% of Brazil's total imports of home products.
2.Brazil's imports of home products have been steadily increasing, with an average annual growth rate of 4.2%.
3.From 2020 to 2021, Brazil's total imports of home products from China increased by approximately 50.7%.
Based on these factors, there is significant demand in Brazil for Chinese home products. In the foreseeable future, the increase in per capita income in Brazil is expected to result in a substantial rise in the demand for home product purchases.
Entering with Advantages, Focusing on Key Areas!
1.Active Brazilian Kitchenware Market with High Import Demand
Brazil's kitchenware market is highly active. In 2022, the import value of kitchenware in Brazil was approximately $2.03 billion, and China is one of its major sources of imports. Brazil's imports of stainless steel pots from China amounted to $336 million, accounting for 85% of Brazil's total imports of stainless steel pots. China stands as the top source for Brazil's stainless steel pot imports.
2.Promising Future in the Brazilian Pet Supplies Market
According to a survey by the Brazilian Pet Institute (IPB), the e-commerce sales of pet products in Brazil have witnessed a remarkable growth of 130% since the onset of COVID-19, soaring from 1.44 billion Brazilian Reais (January 2020) to 3.3 billion Brazilian Reais (March 2022). The demand for pet food, healthcare products, toys, and related items continues to surge. People's attention to pet health and welfare is on the rise.
3.Vibrant Brazilian Beauty Market
Brazil is one of the largest beauty markets in South America, with annual sales surpassing $10 billion. Brazilian consumers exhibit a strong demand and willingness to invest in beauty products, including skincare, cosmetics, and perfumes. The import value of beauty products in Brazil stands at approximately $930 million.
4.Rapid Development of E-commerce in Brazil
Brazil ranks among the largest e-commerce markets in Latin America. According to data, in 2022, e-commerce sales in Brazil reached approximately $155 billion. Cross-border e-commerce is also displaying strong growth, with products from China being particularly well-received in the Brazilian market.
The 2023 Brazil HOMELIFE EXPO will have its grand opening at the São Paulo Expo Center from December 11th to December 13th!
Supporting Associations:
APECC - São Paulo Shopping Center Entrepreneurs Association in Brazil
Ibrachina - China-Brazil Trade Promotion Federation
China International Trade Promotion Committee's Representation in Brazil
CECIEx - Brazil's Import and Export Business Association
ABUP - Brazil's National Association of Decoration and Home Goods, Gifts, and Crafts Companies
São Paulo Chamber of Commerce in Brazil
ACSP - São Paulo Chamber of Commerce and Services
BNI - Global Business Network
UFI - International Exhibition Industry Association
Capturing the Scene at the Brazil Exhibition!