Brazil: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Brazil

In 2021, the Brazilian sauce and seasoning market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a pronounced decrease. Sauce and seasoning consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Sauce And Seasoning Production in Brazil

In value terms, sauce and seasoning production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced setback. Sauce and seasoning production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Sauce And Seasoning Exports

Exports from Brazil

In 2021, the amount of sauces and seasonings exported from Brazil surged to X tons, picking up by 39% compared with the year before. In general, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sauce and seasoning exports surged to $X in 2021. Over the period under review, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Venezuela (X tons) was the main destination for sauce and seasoning exports from Brazil, with a 40% share of total exports. Moreover, sauce and seasoning exports to Venezuela exceeded the volume sent to the second major destination, Paraguay (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela amounted to +63.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+2.7% per year) and Argentina (+7.3% per year).

In value terms, Venezuela ($X) emerged as the key foreign market for sauces and seasonings exports from Brazil, comprising 31% of total exports. The second position in the ranking was held by Paraguay ($X), with a 12% share of total exports. It was followed by Uruguay, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Venezuela stood at +57.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-0.1% per year) and Uruguay (+14.0% per year).

Export Prices by Country

The average sauce and seasoning export price stood at $X per ton in 2021, increasing by 2.5% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2013 an increase of 7.2% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Paraguay ($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 Uruguay (-0.3%), while the prices for the other major destinations experienced a decline.

Sauce And Seasoning Imports

Imports into Brazil

In 2021, the amount of sauces and seasonings imported into Brazil expanded rapidly to X tons, increasing by 5.1% on the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 15%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, sauce and seasoning imports skyrocketed to $X in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Uruguay (X tons) and the United States (X tons) were the main suppliers of sauce and seasoning imports to Brazil, with a combined 59% share of total imports. These countries were followed by China, Chile, India, Spain, Germany, France, Japan, Thailand, Argentina and Mexico, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +88.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sauce and seasoning suppliers to Brazil were Uruguay ($X), the United States ($X) and Italy ($X), with a combined 66% share of total imports. China, India, Germany, Japan, Argentina, France, Chile, Spain, Thailand and Mexico lagged somewhat behind, together accounting for a further 30%.

India, with a CAGR of +79.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 sauce and seasoning import price amounted to $X per ton, surging by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. 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 Argentina ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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