Brazil - Oil Crops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBrazil's Oil Crops Export Sees Moderate Increase, Reaching $53.5 Billion in 2023
Brazil Oil Crops Exports
In 2023, exports of oil crops (primary) from Brazil skyrocketed to 102M tons, growing by 29% compared with 2022 figures. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 32%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the immediate term.
In value terms, oil crops exports expanded remarkably to $53.5B (IndexBox estimates) in 2023. Over the period under review, exports saw a prominent increase. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. The exports peaked in 2023 and are expected to retain growth in the immediate term.
| COUNTRY | Export Value of Oil Crops in Brazil (billion USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 17.1 | 16.6 | 15.8 | 14.4 | 20.3 | 27.2 | 20.5 | 20.9 | 27.2 | 31.8 | 38.9 |
| Argentina | N/A | N/A | N/A | N/A | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 2.0 |
| Spain | 1.1 | 1.1 | 0.9 | 0.6 | 0.8 | 0.7 | 0.8 | 1.0 | 1.7 | 1.9 | 1.5 |
| Thailand | 0.6 | 0.6 | 0.7 | 0.6 | 0.6 | 0.5 | 0.6 | 0.9 | 1.3 | 1.7 | 1.4 |
| Turkey | 0.1 | 0.2 | N/A | 0.1 | 0.1 | 0.5 | 0.4 | 0.7 | 1.0 | 1.1 | 1.0 |
| Iran | 0.1 | N/A | 0.2 | 0.5 | 0.5 | 0.5 | 0.5 | 0.2 | 0.6 | 1.4 | 0.9 |
| Mexico | 0.2 | N/A | N/A | N/A | 0.1 | 0.1 | 0.2 | 0.3 | 0.6 | 0.5 | 0.8 |
| Netherlands | 0.8 | 1.0 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 1.1 | 1.2 | 1.1 | 0.7 |
| Others | 2.9 | 3.7 | 2.8 | 2.6 | 2.7 | 2.7 | 2.4 | 3.4 | 5.1 | 7.0 | 6.2 |
| Total | 22.8 | 23.3 | 21.0 | 19.4 | 25.7 | 33.1 | 26.1 | 28.6 | 38.7 | 46.7 | 53.5 |
Exports by Country
China (74M tons) was the main destination for oil crops exports from Brazil, accounting for a 73% share of total exports. Moreover, oil crops exports to China exceeded the volume sent to the second major destination, Argentina (4M tons), more than tenfold. Spain (2.7M tons) ranked third in terms of total exports with a 2.7% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to China amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+153.9% per year) and Spain (+2.7% per year).
In value terms, China ($38.9B) remains the key foreign market for oil crops (primary) exports from Brazil, comprising 73% of total exports. The second position in the ranking was held by Argentina ($2B), with a 3.8% share of total exports. It was followed by Spain, with a 2.7% share.
From 2013 to 2023, the average annual growth rate of value to China amounted to +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+124.5% per year) and Spain (+3.3% per year).
Exports by Type
Soya beans (102M tons) was the largest type of oil crops (primary) exported from Brazil, with a 100% share of total exports. It was followed by sesame seed (151K tons), with a 0.1% share of total exports. Cottonseed (10K tons) ranked third in terms of total exports with less than 0.1% share.
From 2013 to 2023, the average annual growth rate of the volume of soya beans exports amounted to +8.5%. With regard to the other exported products, the following average annual rates of growth were recorded: sesame seed (+239.5% per year) and cottonseed (+18.9% per year).
In value terms, soya beans ($53.2B) remains the largest type of oil crops (primary) exported from Brazil, comprising 100% of total exports. The second position in the ranking was held by sesame seed ($220M), with a 0.4% share of total exports. It was followed by oilcrops, nes, with less than 0.1% share.
From 2013 to 2023, the average annual growth rate of the value of soya beans exports totaled +8.8%. With regard to the other exported products, the following average annual rates of growth were recorded: sesame seed (+194.6% per year) and oilcrops, nes (+60.0% per year).
Export Prices by Country
In 2023, the oil crops price stood at $524 per ton (FOB, Brazil), waning by -11.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of 32%. As a result, the export price attained the peak level of $592 per ton, and then declined in the following year.
Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Turkey ($540 per ton) and Spain ($535 per ton), while the average price for exports to Argentina ($504 per ton) and Mexico ($521 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 Turkey (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the oil crops 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 249 - Coconuts
- FCL 236 - Soybeans
- FCL 242 - Groundnuts, in shell
- FCL 333 - Linseed
- FCL 270 - Rapeseed or colza seed
- FCL 267 - Sunflower seed
- FCL 289 - Sesame seed
- FCL 292 - Mustard seed
- FCL 296 - Poppy seed
- FCL 265 - Castor Beans
- FCL 336 -
- FCL 277 -
- FCL 310 -
- FCL 263 -
- FCL 299 - Melonseed
- FCL 254 -
- FCL 339 -
- FCL 280 -
- FCL 305 -
- FCL 275 -
- FCL 311 -
- FCL 312 -
- FCL 329 - Cottonseed
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
