Brazil: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Brazil

The Brazilian market for sweet biscuits, waffles and wafers rose sharply to $X in 2021, surging by 14% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Sweet Biscuits, Waffles and Wafers in Brazil

In value terms, sweet biscuit, waffle and wafer production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 20%. Sweet biscuit, waffle and wafer production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Brazil

In 2021, overseas shipments of sweet biscuits, waffles and wafers increased by 22% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% 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 +83.7% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer exports surged to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Venezuela (X tons), Paraguay (X tons) and Uruguay (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Brazil, together accounting for 57% of total exports.

From 2012 to 2021, the biggest increases were recorded for Venezuela (with a CAGR of +40.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), Paraguay ($X) and the United States ($X) constituted the largest markets for sweet biscuit, waffle and wafer exported from Brazil worldwide, together accounting for 51% of total exports. Uruguay, Angola, Argentina, Mexico, Chile and Cuba lagged somewhat behind, together accounting for a further 35%.

Mexico, with a CAGR of +33.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, remaining stable against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2017 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Angola ($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 Argentina (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Brazil

Sweet biscuit, waffle and wafer imports into Brazil expanded slightly to X tons in 2021, with an increase of 3.7% against 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 26% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, sweet biscuit, waffle and wafer imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 29%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Brazil, with a combined 60% 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 +15.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and Germany ($X) constituted the largest sweet biscuit, waffle and wafer suppliers to Brazil, together comprising 68% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +14.2%, saw the highest growth rate of the value of imports, 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 import price for sweet biscuits, waffles and wafers amounted to $X per ton, picking up by 13% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

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 Russia ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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