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Brazil - Cereals - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

Brazil - Cereals - Market Analysis, Forecast, Size, Trends and Insights

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Sep 2, 2024

Cereals Export in Brazil Jumps 8%, Reaching a Record $14.7B in 2023

Brazil Cereals Exports

In 2023, shipments abroad of cereals increased by 25% to 59M tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2022 with an increase of 118%. The exports peaked in 2023 and are likely to see steady growth in years to come.

In value terms, cereal exports rose sharply to $14.7B (IndexBox estimates) in 2023. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2022 with an increase of 198%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the near future.Brazil Cereals Exports By Country (Million USD)

COUNTRYExport Value of Cereals in Brazil (million USD)
20132014201520162017201820192020202120222023
China11.24.830.429.52.711.711.23.61.03253,646
Japan90223546245745341.81,1257013251,3591,474
Vietnam2466149035154374986866932506021,198
South Korea914354529250306198581423240650866
Iran5128777377967831,0969727457022,011829
Taiwan (Chinese)51326837423127096.4470413227431612
Mexico18.3N/A50.8N/A90.423.332223594.6646548
Spain25241.114959.24373795323853921,370472
Egypt4012403412485013445515526671,085402
Others2,9991,5031,8491,3251,4861,5402,2391,9591,6485,0734,621
Total6,7684,1385,4243,9104,7674,2287,4896,1104,54813,55314,669

Exports by Country

China (16M tons) was the main destination for cereal exports from Brazil, with a 27% share of total exports. Moreover, cereal exports to China exceeded the volume sent to the second major destination, Japan (6M tons), threefold. Vietnam (4.9M tons) ranked third in terms of total exports with an 8.3% share.

From 2013 to 2023, the average annual rate of growth in terms of volume to China amounted to +77.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+4.8% per year) and Vietnam (+15.2% per year).

In value terms, China ($3.6B) emerged as the key foreign market for cereals exports from Brazil, comprising 25% of total exports. The second position in the ranking was taken by Japan ($1.5B), with a 10% share of total exports. It was followed by Vietnam, with an 8.2% share.

From 2013 to 2023, the average annual rate of growth in terms of value to China amounted to +78.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+5.0% per year) and Vietnam (+17.2% per year).

Exports by Type

Maize (56M tons) was the largest type of cereals exported from Brazil, accounting for a 95% share of total exports. Moreover, maize exceeded the volume of the second product type, wheat (2.4M tons), more than tenfold. The third position in this ranking was held by paddy rice (808K tons), with a 1.4% share.

From 2013 to 2023, the average annual growth rate of the volume of maize exports totaled +7.7%. With regard to the other exported products, the following average annual rates of growth were recorded: wheat (+7.1% per year) and paddy rice (+11.1% per year).

In value terms, maize ($13.6B) remains the largest type of cereals exported from Brazil, comprising 93% of total exports. The second position in the ranking was taken by wheat ($724M), with a 4.9% share of total exports. It was followed by paddy rice, with a 2.1% share.

From 2013 to 2023, the average annual rate of growth in terms of the value of maize exports stood at +8.0%. With regard to the other exported products, the following average annual rates of growth were recorded: wheat (+7.6% per year) and paddy rice (+12.1% per year).

Export Prices by Country

In 2023, the cereals price amounted to $248 per ton (FOB, Brazil), waning by -13.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of 37% against the previous year. As a result, the export price reached the peak level of $286 per ton, and then reduced in the following year.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Colombia ($275 per ton) and Mexico ($272 per ton), while the average price for exports to China ($225 per ton) and Spain ($236 per ton) were amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cereal market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 108 - Cereals, nes
  • FCL 103 - Mixed grain
  • FCL 92 - Quinoa
  • FCL 15 - Wheat
  • FCL 71 - Rye
  • FCL 44 - Barley
  • FCL 75 - Oats
  • FCL 56 - Maize
  • FCL 27 - Rice, paddy
  • FCL 83 - Sorghum
  • FCL 89 - Buckwheat
  • FCL 101 - Canary seed
  • FCL 94 - Fonio
  • FCL 97 - Triticale
  • FCL 79 - Millet

Country coverage:

  • Brazil

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Brazil
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2024
    23. Production, In Value Terms, 2012–2024
    24. Area Harvested, 2012–2024
    25. Yield, 2012–2024
    26. Imports, In Physical Terms, 2012–2024
    27. Imports, In Value Terms, 2012–2024
    28. Imports, In Physical Terms, By Country, 2024
    29. Imports, In Physical Terms, By Country, 2012–2024
    30. Imports, In Value Terms, By Country, 2012–2024
    31. Import Prices, By Country Of Origin, 2012–2024
    32. Exports, In Physical Terms, 2012–2024
    33. Exports, In Value Terms, 2012–2024
    34. Exports, In Physical Terms, By Country, 2024
    35. Exports, In Physical Terms, By Country, 2012–2024
    36. Exports, In Value Terms, By Country, 2012–2024
    37. Export Prices, By Country Of Destination, 2012–2024

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