Brazil: Gingerbread Market 2024

Gingerbread Market Size in Brazil

The Brazilian gingerbread market amounted to $X in 2022, approximately mirroring the previous year. Overall, consumption, however, continues to indicate a perceptible setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Gingerbread Production in Brazil

In value terms, gingerbread production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2013 when the production volume increased by 13%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Gingerbread Exports

Exports from Brazil

In 2022, shipments abroad of gingerbread decreased by -6.8% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 18%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, gingerbread exports amounted to $X in 2022. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for gingerbread exports from Brazil, with a 64% share of total exports. Moreover, gingerbread exports to the United States exceeded the volume sent to the second major destination, Paraguay (X tons), sixfold. Peru (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+10.4% per year) and Peru (-1.5% per year).

In value terms, the United States ($X) remains the key foreign market for gingerbread exports from Brazil, comprising 62% of total exports. The second position in the ranking was held by Paraguay ($X), with an 11% share of total exports. It was followed by Peru, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+7.0% per year) and Peru (-4.1% per year).

Export Prices by Country

The average gingerbread export price stood at $X per ton in 2022, surging by 11% against the previous year. Overall, the export price, however, saw a slight descent. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($X per ton) and Venezuela ($X per ton), while the average price for exports to Uruguay ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Gingerbread Imports

Imports into Brazil

In 2022, imports of gingerbread into Brazil stood at X tons, almost unchanged from the previous year. Over the period under review, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 22%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gingerbread imports soared to $X in 2022. In general, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 31% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest gingerbread supplier to Brazil, with a 68% share of total imports. Moreover, gingerbread imports from Italy exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-22.0% per year) and Germany (-10.4% per year).

In value terms, Italy ($X) constituted the largest supplier of gingerbread to Brazil, comprising 86% of total imports. The second position in the ranking was taken by Argentina ($X), with an 8.3% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-22.3% per year) and Germany (-8.9% per year).

Import Prices by Country

In 2022, the average gingerbread import price amounted to $X per ton, jumping by 15% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gingerbread import price increased by +82.2% against 2012 indices. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :