Brazil: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Brazil

The Brazilian chocolate and confectionery market dropped modestly to $X in 2022, falling by -1.7% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Chocolate And Confectionery Production in Brazil

In value terms, chocolate and confectionery production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 8.1% against the previous year. Chocolate and confectionery production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from Brazil

In 2022, overseas shipments of chocolate and confectionery decreased by -4.5% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 12%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, chocolate and confectionery exports reduced slightly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 17%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for chocolate and confectionery exports from Brazil, with a 41% share of total exports. Moreover, chocolate and confectionery exports to Argentina exceeded the volume sent to the second major destination, Chile (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+3.2% per year) and the United States (-4.2% per year).

In value terms, Argentina ($X) remains the key foreign market for chocolate and confectionery exports from Brazil, comprising 42% of total exports. The second position in the ranking was taken by the United States ($X), with a 14% share of total exports. It was followed by Chile, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.2% per year) and Chile (+2.3% per year).

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, picking up by 1.9% against the previous year. Over the period under review, the export price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2014 an increase of 7% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Paraguay ($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 the United States (+1.1%), while the prices for the other major destinations experienced a decline.

Chocolate And Confectionery Imports

Imports into Brazil

After two years of growth, purchases abroad of chocolate and confectionery decreased by -10.5% to X tons in 2022. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 32%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, chocolate and confectionery imports contracted slightly to $X in 2022. In general, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), Cote d'Ivoire (X tons) and Uruguay (X tons) were the main suppliers of chocolate and confectionery imports to Brazil, together accounting for 42% of total imports. Germany, Argentina, Ghana, Switzerland, the Netherlands, Italy, Canada, Malaysia, Belgium and the United States lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +172.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to Brazil were Argentina ($X), Indonesia ($X) and Germany ($X), with a combined 39% share of total imports. Cote d'Ivoire, Switzerland, Italy, Uruguay, Belgium, the United States, Canada, the Netherlands, Ghana and Malaysia lagged somewhat behind, together accounting for a further 45%.

Among the main suppliers, Canada, with a CAGR of +165.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, increasing by 7.7% against the previous year. Over the period under review, the import price, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2017 an increase of 21% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :