Brazil: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Brazil

The Brazilian breakfast cereal market was estimated at $X in 2021, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Breakfast cereal consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Breakfast Cereal Production in Brazil

In value terms, breakfast cereal production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Breakfast Cereal Exports

Exports from Brazil

In 2021, exports of breakfast cereals from Brazil soared to X tons, rising by X% against the previous year. Over the period under review, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, breakfast cereal exports surged to $X in 2021. Overall, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for breakfast cereal exports from Brazil, accounting for a X% share of total exports. Moreover, breakfast cereal exports to the United States exceeded the volume sent to the second major destination, Argentina (X tons), twofold. The third position in this ranking was held by Paraguay (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+X% per year) and Paraguay (+X% per year).

In value terms, the United States ($X) emerged as the key foreign market for breakfast cereal exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Paraguay ($X), with a X% share of total exports. It was followed by Argentina, with an X% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+X% per year) and Argentina (-X% per year).

Export Prices by Country

In 2021, the average breakfast cereal export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-X%), while the prices for the other major destinations experienced a decline.

Breakfast Cereal Imports

Imports into Brazil

In 2021, approx. X tons of breakfast cereals were imported into Brazil; which is down by -X% against the previous year. In general, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, breakfast cereal imports shrank rapidly to $X in 2021. Overall, imports continue to indicate a mild decrease. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The UK (X tons), Germany (X tons) and China (X tons) were the main suppliers of breakfast cereal imports to Brazil, with a combined X% share of total imports. These countries were followed by Poland, Italy, the United States, Belgium, Argentina, South Korea and Mexico, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and Germany ($X) appeared to be the largest breakfast cereal suppliers to Brazil, together accounting for X% of total imports. Poland, Italy, the United States, South Korea, Argentina, Belgium and Mexico lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average breakfast cereal import price stood at $X per ton in 2021, picking up by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :