Brazil: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Brazil

The Brazilian butter and dairy spreads market dropped remarkably to $X in 2022, shrinking by -17.8% against the previous year. Over the period under review, consumption saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Butter And Dairy Spreads in Brazil

In value terms, butter and dairy spreads production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with a decrease of -60.6%. Butter and dairy spreads production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Butter And Dairy Spreads

Exports from Brazil

In 2022, butter and dairy spreads exports from Brazil soared to X tons, increasing by 79% compared with the previous year's figure. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 1,121% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, butter and dairy spreads exports surged to $X in 2022. In general, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,202%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Uruguay (X tons) was the main destination for butter and dairy spreads exports from Brazil, with a 70% share of total exports. Moreover, butter and dairy spreads exports to Uruguay exceeded the volume sent to the second major destination, Chile (X tons), fourfold. The third position in this ranking was held by Colombia (X tons), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay stood at +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+58.1% per year) and Colombia (+832.9% per year).

In value terms, Uruguay ($X) remains the key foreign market for butter and dairy spreads exports from Brazil, comprising 65% of total exports. The second position in the ranking was held by Chile ($X), with a 16% share of total exports. It was followed by Colombia, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Uruguay stood at +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+51.7% per year) and Colombia (+1,025.4% per year).

Export Prices by Country

In 2022, the average butter and dairy spreads export price amounted to $X per ton, surging by 18% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by 48%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into Brazil

In 2022, the amount of butter and dairy spreads imported into Brazil contracted to X tons, reducing by -8.9% on the previous year. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 364% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, butter and dairy spreads imports rose significantly to $X in 2022. Overall, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 249%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Argentina (X tons), Uruguay (X tons) and France (X tons) were the main suppliers of butter and dairy spreads imports to Brazil, together comprising 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +3.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Argentina ($X), Uruguay ($X) and France ($X) were the largest butter and dairy spreads suppliers to Brazil, together comprising 99% of total imports.

In terms of the main suppliers, France, with a CAGR of +5.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average butter and dairy spreads import price stood at $X per ton in 2022, rising by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The pace of growth was the most pronounced in 2017 an increase of 37% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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