Bright future of Brazil valve Market

1. Brazil in the past

The year before 2012 can be called the "golden age" of Brazil“ At that time, there was a strong demand for valves in new oil refining projects. But with a series of government corruption scandals made public, then president dilma Rousseff was impeached in 2016, and those projects that once went well were declared bankrupt. " Vitorino went on to recall: "in the past five years, my country has experienced a lot of misfortunes. Not only the valve market has become depressed, but the situation in other industries is the same, which has had a negative impact on the valve market. At that time, collusion between government and business was very common, so once the corruption scandal was exposed, people no longer trusted businessmen, and businessmen no longer trusted the government. "

On January 1, 2009, jair bolsonaro from the social liberal party took office as the 38th president of Brazil“ The new government and the president have brought hope to Brazil. Although it will take some time to see the actual effect, I believe the country is changing. " Vitorino continued: "the government has been questioned, but in the end the Brazilian people have started to pay close attention to what the authorities are doing. Gradually, businessmen gradually restored their trust in the government. As a chain reaction, someone will come back to invest one day. Now the situation has improved, not only in the oil and gas field, but also in the power market. "

2. Flexible adaptability

Affected by the downturn of valve market for five consecutive years, many local enterprises have to survive in the transformation. It is not only the business model and raw material procurement model that have changed, but also how to meet the budget requirements. Vitorino told us: "enterprises must reflect on the past business model and survive by changing in adverse situations. Some business types of enterprises are all inclusive, doing everything, including the processing and manufacturing of valve body. Now, in order to turn losses into profits by reducing costs, they have purchased valve bodies instead. "

It is expected that the market demand for all kinds of energy will increase in the next few years. Considering that the process of all walks of life will use valves, so the market demand of valves will also be pulled up.

"Many enterprises have received a large number of RFQs, far more than last year's level. This is a clear sign of growing demand. The investment has also begun to return. The purchasing department will witness a sharp rise in demand, and then search for the most cost-effective supplier in the market. At present, the purchasing departments of various manufacturers are looking for suitable suppliers in the market with inquiry books to prepare for future orders. " Vitorino believes that all kinds of on-off valves are showing an upward trend in the market today, whether it is late maintenance or new projects. "At the end of this year, we should see a significant increase in market demand, so we need to be ready for 2020," he added