Brazil: Cream Fresh Market 2024

Cream Fresh Market Size in Brazil

In 2022, the Brazilian cream fresh market increased by 37% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a prominent expansion. Cream fresh consumption peaked in 2022 and is expected to retain growth in the near future.

Cream Fresh Production in Brazil

In value terms, cream fresh production declined slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Cream fresh production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cream Fresh Exports

Exports from Brazil

In 2022, shipments abroad of cream fresh decreased by -7.9% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cream fresh exports expanded notably to $X in 2022. Over the period under review, exports recorded a mild descent. The most prominent rate of growth was recorded in 2017 when exports increased by 31% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons), the Dominican Republic (X tons) and Venezuela (X tons) were the main destinations of cream fresh exports from Brazil, with a combined 43% share of total exports. The United States, Paraguay, Argentina, the United Arab Emirates, Bolivia, Peru, Oman, Afghanistan, Kuwait and Egypt lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +67.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), the Dominican Republic ($X) and the United States ($X) appeared to be the largest markets for cream fresh exported from Brazil worldwide, together accounting for 42% of total exports. Venezuela, the United Arab Emirates, Paraguay, Argentina, Peru, Oman, Afghanistan, Bolivia, Kuwait and Egypt lagged somewhat behind, together accounting for a further 49%.

Argentina, with a CAGR of +64.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cream fresh export price amounted to $X per ton, jumping by 17% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 21%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Argentina ($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 Afghanistan (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Brazil

In 2022, supplies from abroad of cream fresh increased by 106% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2019 when imports increased by 561% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cream fresh imports skyrocketed to $X in 2022. Overall, imports, however, showed a dramatic downturn. The pace of growth was the most pronounced in 2013 when imports increased by 447% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, France (X kg) constituted the largest cream fresh supplier to Brazil, accounting for a 46% share of total imports. Moreover, cream fresh imports from France exceeded the figures recorded by the second-largest supplier, Turkey (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume from France totaled -22.7%.

In value terms, France ($X) constituted the largest supplier of cream fresh to Brazil, comprising 48% of total imports. The second position in the ranking was taken by Turkey ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at -26.9%.

Import Prices by Country

In 2022, the average cream fresh import price amounted to $X per ton, rising by 4.6% against the previous year. In general, the import price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 72%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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