Brazil: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Brazil

The Brazilian meat meals and pellets market expanded notably to $X in 2021, surging by 7.3% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Brazil

In value terms, meat meals and pellets production rose remarkably to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 15% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Brazil

Meat meals and pellets exports from Brazil rose significantly to X tons in 2021, with an increase of 7.2% against 2020. Over the period under review, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 24%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, meat meals and pellets exports soared to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons), Vietnam (X tons) and the United States (X tons) were the main destinations of meat meals and pellets exports from Brazil, with a combined 73% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +305.6%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Vietnam ($X) and the United States ($X) were the largest markets for meat meals and pellets exported from Brazil worldwide, with a combined 65% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +305.5%, recorded the highest growth rate of 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

In 2021, the average meat meals and pellets export price amounted to $X per ton, rising by 26% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Vietnam ($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 Chile (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Brazil

In 2021, purchases abroad of flours, meals and pellets of meat or meat offal increased by 360% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 538% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, meat meals and pellets imports soared to $X in 2021. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Paraguay (X tons) was the main supplier of meat meals and pellets to Brazil, with a 92% share of total imports. Moreover, meat meals and pellets imports from Paraguay exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), more than tenfold. The third position in this ranking was held by Australia (X tons), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from Paraguay amounted to +67.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+567.1% per year) and Australia (+23.7% per year).

In value terms, Paraguay ($X) constituted the largest supplier of flours, meals and pellets of meat or meat offal to Brazil, comprising 78% of total imports. The second position in the ranking was held by Australia ($X), with a 12% share of total imports. It was followed by Bolivia, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Paraguay stood at +82.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+35.6% per year) and Bolivia (+628.8% per year).

Import Prices by Country

In 2021, the average meat meals and pellets import price amounted to $X per ton, shrinking by -44% against the previous year. Overall, the import price showed a abrupt decrease. The growth pace was the most rapid in 2015 when the average import price increased by 90%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Chile ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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