10:30 AM to 6:30 PM
The current GDP of Brazil
is more than 2 Trillion Dollars, which is significantly larger compared to just
one decade ago. A country that is populated with over Two Hundred Million
People, Brazil is expected to experience economic growth of 1.6% as of 2019.
That number is impressive given the country’s current GDP. There are many
booming industries in Brazil and textile is one of the main incomes of the
nation. The Brazilian Dye+Chem industry has been experiencing growth for
multiple years and this growth is expected to increase even more in the coming
years.
With the rising
population and demand, not only from the Nation but also from all over the
world, this increase is not surprising. At first, there were not as many dyes
chemical companies however currently, the number of Dye+Chem companies in
Brazil is significantly high. Furthermore- because of the large textile
industry of Brazil, there is a huge demand for dyeing chemicals in Brazil- a
demand that cannot be sustained with the local supply alone- thus comes the
importance of foreign companies. Brazil has a great market most of which is
still unexplored, with a strategic, logistic and established regulatory system
that slows collaboration with other Latin America Countries. Additionally,
private companies from all over the world will surely benefit if they expose
themselves to such a diverse and culturally rich market.
Group of 38 Brazilian
companies expects to generate US$ 400 million in business at the world's
largest leather event, Hong Kong's APLF, which shows leather, is a very
powerful industry and it depends significantly on the dyeing industry. In
addition, the leather industry is just one of the industries that require dyes
and coloring for their product. These figures explain largely why the number of
factories in Brazil is still rising and foreign business transactions as well.
There is no doubt that investing in dyeing is relatively safe when the
potential rewards are compared. Lastly, the population of Brazil is rising fast
at a steady-state, which creates a large impact on the Demand.