Brazil: Couscous Market 2024

Couscous Market Size in Brazil

The Brazilian couscous market contracted to $X in 2021, waning by -1.6% against the previous year. In general, consumption saw a slight decline. The pace of growth appeared the most rapid in 2016 when the market value increased by 5.8% against the previous year. Couscous consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Couscous Production in Brazil

In value terms, couscous production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable downturn. The pace of growth appeared the most rapid in 2018 with an increase of 7.4% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Couscous Exports

Exports from Brazil

In 2021, exports of couscous from Brazil soared to X tons, picking up by 281% against 2020. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, couscous exports expanded modestly to $X in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 134%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X kg) was the main destination for couscous exports from Brazil, with a 36% share of total exports. Moreover, couscous exports to France exceeded the volume sent to the second major destination, Liberia (X kg), threefold. Marshall Islands (X kg) ranked third in terms of total exports with an 8.4% share.

From 2014 to 2021, the average annual rate of growth in terms of volume to France stood at +2,213.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (+89.5% per year) and Marshall Islands (+62.4% per year).

In value terms, the largest markets for couscous exported from Brazil were France ($X), Marshall Islands ($X) and Liberia ($X), with a combined 70% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +526.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average couscous export price stood at $X per ton in 2021, dropping by -73.3% against the previous year. Overall, the export price recorded a sharp descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-0.8%), while the prices for the other major destinations experienced a decline.

Couscous Imports

Imports into Brazil

In 2021, supplies from abroad of couscous decreased by -7.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +11.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 68% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, couscous imports reduced modestly to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +10.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +5.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 77%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of couscous to Brazil, accounting for a 69% share of total imports. Moreover, couscous imports from Italy exceeded the figures recorded by the second-largest supplier, France (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.0% per year) and Morocco (+5.2% per year).

In value terms, the largest couscous suppliers to Brazil were Italy ($X), France ($X) and Morocco ($X), with a combined 99% share of total imports.

Among the main suppliers, Italy, with a CAGR of +22.7%, 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

In 2021, the average couscous import price amounted to $X per ton, with an increase of 5.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 5.4% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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