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Brazil - Oil Crops - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Brazil - Oil Crops - Market Analysis, Forecast, Size, Trends and Insights

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Nov 2, 2023

Brazil's August 2023 Export of Oil Crops Dives 11%, Reaching $4.2B

Brazil Oil Crops Exports

In August 2023, overseas shipments of oil crops (primary) decreased by -13.3% to 8.4M tons, falling for the third month in a row after four months of growth. In general, exports, however, saw a noticeable increase. The growth pace was the most rapid in February 2023 with an increase of 478% month-to-month.

In value terms, oil crops exports fell to $4.2B (IndexBox estimates) in August 2023. Over the period under review, exports, however, enjoyed a slight expansion. The pace of growth was the most pronounced in February 2023 when exports increased by 423% against the previous month.Brazil Oil Crops Exports By Country (Billion USD)

COUNTRYExport Value of Oil Crops in Brazil (billion USD)
Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023
China2.71.61.91.30.80.31.95.65.45.44.53.43.1
Spain< 0.10.2< 0.1< 0.1< 0.1N/A0.30.20.20.30.20.10.1
Others1.00.80.40.30.40.20.61.62.22.42.11.31.0
Total3.72.52.41.61.30.52.87.47.88.16.84.84.2

Exports by Country

China (6.3M tons) was the main destination for oil crops exports from Brazil, with a 75% share of total exports. Moreover, oil crops exports to China exceeded the volume sent to the second major destination, Spain (256K tons), more than tenfold.

From August 2022 to August 2023, the average monthly growth rate of volume to China totaled +3.2%.

In value terms, China ($3.1B) remains the key foreign market for oil crops exports from Brazil, comprising 74% of total exports. The second position in the ranking was held by Spain ($124M), with a 2.9% share of total exports.

From August 2022 to August 2023, the average monthly growth rate of value to China stood at +1.2%.

Exports by Type

Soya beans (8.4M tons) was the largest type of oil crops exported from Brazil, accounting for a 100% share of total exports. It was followed by sesame seed (31K tons), with a 0.4% share of total exports. Coconuts (93 tons) ranked third in terms of total exports with less than 0.1% share.

From August 2022 to August 2023, the average monthly rate of growth in terms of the volume of export of soya beans stood at +2.9%. With regard to the other exported products, the following average monthly rates of growth were recorded: sesame seed (+19.4% per month) and coconuts (+7.7% per month).

In value terms, soya beans ($4.2B) remains the largest type of oil crops exported from Brazil, comprising 99% of total exports. The second position in the ranking was held by sesame seed ($46M), with a 1.1% share of total exports. It was followed by oilcrops, nes, with less than 0.1% share.

From August 2022 to August 2023, the average monthly rate of growth in terms of the export volume of soya beans was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: sesame seed (+19.3% per month) and oilcrops, nes (+25.5% per month).

Export Prices by Country

In August 2023, the oil crops price amounted to $504 per ton (FOB, Brazil), growing by 2.2% against the previous month. In general, the export price, however, continues to indicate a slight curtailment. The export price peaked at $628 per ton in August 2022; however, from September 2022 to August 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In August 2023, the highest price was recorded for prices to Turkey ($540 per ton) and Iran ($522 per ton), while the average price for exports to Russia ($477 per ton) and Argentina ($482 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (-1.1%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

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:

  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 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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