Brazil: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Brazil

The Brazilian market for peel of citrus fruit or melons rose notably to $X in 2021, with an increase of 7.5% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Peel Of Citrus Fruit Or Melons in Brazil

In value terms, citrus fruit or melons peel production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Brazil

For the third year in a row, Brazil recorded decline in overseas shipments of peel of citrus fruit or melons, which decreased by -17.1% to X tons in 2021. Overall, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 127%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, citrus fruit or melons peel exports shrank rapidly to $X in 2021. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2015 when exports increased by 123% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for citrus fruit or melons peel exports from Brazil, with a 75% share of total exports. Moreover, citrus fruit or melons peel exports to Germany exceeded the volume sent to the second major destination, France (X tons), eightfold. Italy (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +57.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+20.9% per year) and Italy (-9.6% per year).

In value terms, Germany ($X) remains the key foreign market for peel of citrus fruit or melons exports from Brazil, comprising 62% of total exports. The second position in the ranking was taken by France ($X), with a 22% share of total exports. It was followed by Italy, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +56.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+16.8% per year) and Italy (-10.0% per year).

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, declining by -2.6% against the previous year. Over the period under review, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 Italy (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Brazil

For the third consecutive year, Brazil recorded growth in overseas purchases of peel of citrus fruit or melons, which increased by 39% to X tons in 2021. In general, imports showed modest growth. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, citrus fruit or melons peel imports soared to $X in 2021. Over the period under review, imports recorded buoyant growth. 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 citrus fruit or melons peel supplier to Brazil, with a 90% share of total imports. Moreover, citrus fruit or melons peel imports from Paraguay exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Paraguay stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and Spain (-25.9% per year).

In value terms, Paraguay ($X) constituted the largest supplier of peel of citrus fruit or melons to Brazil, comprising 58% of total imports. The second position in the ranking was held by the United States ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Paraguay stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and Spain (-6.1% per year).

Import Prices by Country

In 2021, the average import price for peel of citrus fruit or melons amounted to $X per ton, increasing by 34% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citrus fruit or melons peel import price increased by +29.0% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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