Brazil: Baby Food Market 2024

Baby Food Market Size in Brazil

For the ninth consecutive year, the Brazilian baby food market recorded decline in sales value, which decreased by -1.2% to $X in 2021. Over the period under review, consumption showed a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Baby Food Production in Brazil

In value terms, baby food production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Baby Food Exports

Exports from Brazil

In 2021, shipments abroad of food preparations for infants increased by 4.9% to X tons, rising for the third consecutive year after two years of decline. In general, total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.7% against 2018 indices. The pace of growth was the most pronounced in 2020 when exports increased by 61% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, baby food exports expanded remarkably to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Venezuela (X tons), Guinea (X tons) and Nigeria (X tons) were the main destinations of baby food exports from Brazil, together comprising 42% of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +51.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for baby food exported from Brazil were Venezuela ($X), Guinea ($X) and Argentina ($X), with a combined 45% share of total exports. Nigeria, Sierra Leone, Gambia, Liberia, Senegal, Bolivia, Suriname, the United States, Angola and Colombia lagged somewhat behind, together comprising a further 45%.

Nigeria, with a CAGR of +41.6%, recorded the highest growth rate of the value of exports, among 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

The average baby food export price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price, however, saw a abrupt descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Colombia ($X per ton), while the average price for exports to Nigeria ($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 Senegal (+0.6%), while the prices for the other major destinations experienced a decline.

Baby Food Imports

Imports into Brazil

Baby food imports into Brazil fell remarkably to X tons in 2021, with a decrease of -56.1% against 2020. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 49%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, baby food imports fell sharply to $X in 2021. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 56% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Mexico (X tons) and the Netherlands (X tons) were the main suppliers of baby food imports to Brazil, together accounting for 95% of total imports. These countries were followed by Ireland, Germany and the United States, which together accounted for a further 4.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +74.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), the Netherlands ($X) and Mexico ($X) were the largest baby food suppliers to Brazil, with a combined 93% share of total imports. Germany, the United States and Ireland lagged somewhat behind, together accounting for a further 5.6%.

Among the main suppliers, Germany, with a CAGR of +90.8%, recorded 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 baby food import price amounted to $X per ton, which is down by -15.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2014 an increase of 8.4% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then dropped notably in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :