Brazil: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Brazil

The Brazilian prepared baking powder market reduced slightly to $X in 2022, declining by -3.2% against the previous year. Overall, consumption continues to indicate a mild setback. Prepared baking powder consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Prepared Baking Powder Production in Brazil

In value terms, prepared baking powder production shrank slightly to $X in 2022 estimated in export price. In general, production continues to indicate a slight contraction. The pace of growth was the most pronounced in 2018 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Prepared Baking Powder Exports

Exports from Brazil

In 2022, exports of prepared baking powders from Brazil expanded notably to X tons, with an increase of 14% compared with the previous year. Overall, exports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2020 with an increase of 77% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, prepared baking powder exports surged to $X in 2022. Over the period under review, exports, however, recorded a mild slump. The pace of growth was the most pronounced in 2020 with an increase of 70%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X tons), Chile (X tons) and Paraguay (X tons) were the main destinations of prepared baking powder exports from Brazil, with a combined 90% share of total exports. The United States and Uruguay lagged somewhat behind, together comprising a further 6.3%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +39.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Argentina ($X), Chile ($X) and Paraguay ($X) constituted the largest markets for prepared baking powder exported from Brazil worldwide, together comprising 80% of total exports. The United States and Uruguay lagged somewhat behind, together comprising a further 13%.

Among the main countries of destination, the United States, with a CAGR of +32.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average prepared baking powder export price amounted to $X per ton, increasing by 15% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+0.8%), while the prices for the other major destinations experienced a decline.

Prepared Baking Powder Imports

Imports into Brazil

In 2022, overseas purchases of prepared baking powders increased by 7.9% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 258%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, prepared baking powder imports declined modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 166% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Paraguay (X tons) was the main prepared baking powder supplier to Brazil, accounting for a 97% share of total imports. It was followed by China (X tons), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Paraguay totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.4% per year) and Turkey (-55.1% per year).

In value terms, Paraguay ($X) constituted the largest supplier of prepared baking powders to Brazil, comprising 84% of total imports. The second position in the ranking was taken by China ($X), with a 5.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Paraguay stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.1% per year) and Turkey (-52.9% per year).

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, reducing by -9.7% against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 79%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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