Brazil: Sausage Market 2024

Sausage Market Size in Brazil

The Brazilian sausage market rose sharply to $X in 2021, increasing by 13% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sausage Production in Brazil

In value terms, sausage production soared to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2014; afterwards, it flattened through to 2021.

Sausage Exports

Exports from Brazil

In 2021, shipments abroad of sausages and similar products of meat increased by 34% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +84.7% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sausage exports soared to $X in 2021. Overall, total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.3% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Venezuela (X tons), Angola (X tons) and Ghana (X tons) were the main destinations of sausage exports from Brazil, with a combined 56% share of total exports. Nigeria, Sierra Leone, Democratic Republic of the Congo, Japan, Congo, Cuba, Liberia, Singapore, Haiti and Paraguay lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +184.6%), while the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) emerged as the key foreign market for sausages and similar products of meat exports from Brazil, comprising 34% of total exports. The second position in the ranking was taken by Angola ($X), with a 15% share of total exports. It was followed by Ghana, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela stood at +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-5.0% per year) and Ghana (+6.4% per year).

Export Prices by Country

In 2021, the average sausage export price amounted to $X per ton, surging by 19% against the previous year. Overall, the export price, however, recorded a pronounced reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Congo ($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 Cuba (-0.6%), while the prices for the other major destinations experienced a decline.

Sausage Imports

Imports into Brazil

In 2021, purchases abroad of sausages and similar products of meat was finally on the rise to reach X tons after three years of decline. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 44% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, sausage imports soared to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.0% 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 +30.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 43% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), Spain (X tons) and Portugal (X tons) were the main suppliers of sausage imports to Brazil, with a combined 97% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +18.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of sausages and similar products of meat to Brazil, comprising 67% of total imports. The second position in the ranking was held by Spain ($X), with a 27% share of total imports. It was followed by Portugal, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.6% per year) and Portugal (-14.8% per year).

Import Prices by Country

In 2021, the average sausage import price amounted to $X per ton, surging by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Germany ($X per ton), while the price for Spain ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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