Brazil: Candied Fruit Market 2024

Candied Fruit Market Size in Brazil

The Brazilian candied fruit market was estimated at $X in 2021, flattening at the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Candied Fruit Production in Brazil

In value terms, candied fruit production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 20%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Candied Fruit Exports

Exports from Brazil

In 2021, overseas shipments of candied fruits increased by 36% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 93%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, candied fruit exports soared to $X in 2021. Over the period under review, exports posted pronounced growth. The growth pace was the most rapid in 2020 when exports increased by 65% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Argentina (X tons), Chile (X tons) and Uruguay (X tons) were the main destinations of candied fruit exports from Brazil, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +17.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Argentina ($X), Chile ($X) and Uruguay ($X) were the largest markets for candied fruit exported from Brazil worldwide, together comprising 97% of total exports.

In terms of the main countries of destination, Argentina, with a CAGR of +11.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average candied fruit export price stood at $X per ton in 2021, picking up by 8.9% against the previous year. Overall, the export price, however, showed a abrupt decline. The growth pace was the most rapid in 2017 an increase of 10% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Chile ($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 (-4.4%), while the prices for the other major destinations experienced a decline.

Candied Fruit Imports

Imports into Brazil

Candied fruit imports into Brazil declined slightly to X tons in 2021, falling by -4.5% on 2020. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 61% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, candied fruit imports contracted to $X in 2021. Over the period under review, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.6% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 57%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of candied fruit to Brazil, accounting for a 65% share of total imports. Moreover, candied fruit imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. Chile (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +89.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+1.3% per year) and Chile (-6.1% per year).

In value terms, China ($X) constituted the largest supplier of candied fruit to Brazil, comprising 59% of total imports. The second position in the ranking was held by Chile ($X), with an 18% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +81.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-7.7% per year) and Italy (-1.8% per year).

Import Prices by Country

The average candied fruit import price stood at $X per ton in 2021, dropping by -7.5% against the previous year. Overall, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 5.4% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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