Brazil: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Brazil

In 2022, after two years of decline, there was significant growth in the Brazilian primary fiber crops market, when its value increased by X% to $X. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Primary Fiber Crops Production in Brazil

In value terms, primary fiber crops production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Primary Fiber Crops Exports

Exports from Brazil

In 2022, shipments abroad of fiber crops (primary) decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, primary fiber crops exports expanded rapidly to $X in 2022. In general, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for primary fiber crops exports from Brazil, accounting for a X% share of total exports. Moreover, primary fiber crops exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. Pakistan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Pakistan (X% per year).

In value terms, China ($X) remains the key foreign market for fiber crops (primary) exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Indonesia ($X per ton), while the average price for exports to Malaysia ($X per ton) and Thailand ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Primary Fiber Crops Imports

Imports into Brazil

Primary fiber crops imports into Brazil contracted notably to X tons in 2022, waning by X% against the year before. Over the period under review, imports, however, showed modest growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, primary fiber crops imports reduced to $X in 2022. Overall, imports, however, showed moderate growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest supplier of primary fiber crops to Brazil, accounting for a X% share of total imports. Moreover, primary fiber crops imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Belgium (X% per year).

In value terms, Bangladesh ($X), Argentina ($X) and the United States ($X) were the largest primary fiber crops suppliers to Brazil, with a combined X% share of total imports. Belgium, India and Egypt lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of 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

The average primary fiber crops import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops import price increased by X% against 2019 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 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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