Brazil: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Brazil

In 2021, the Brazilian sweet biscuit market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, recorded a pronounced setback. Sweet biscuit consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sweet Biscuit Production in Brazil

In value terms, sweet biscuit production rose sharply to $X in 2021 estimated in export price. In general, production, however, saw a noticeable contraction. The growth pace was the most rapid in 2017 when the production volume increased by 12% against the previous year. Sweet biscuit production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sweet Biscuit Exports

Exports from Brazil

In 2021, overseas shipments of sweet biscuits increased by 26% to X tons, rising for the fifth year in a row after three years of decline. In general, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit exports surged to $X in 2021. Over the period under review, total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.7% 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 +89.8% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 31% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Venezuela (X tons), Paraguay (X tons) and Angola (X tons) were the main destinations of sweet biscuit exports from Brazil, together comprising 70% of total exports.

From 2012 to 2021, the biggest increases were recorded for Venezuela (with a CAGR of +59.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) emerged as the key foreign market for sweet biscuits exports from Brazil, comprising 37% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 17% share of total exports. It was followed by Angola, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela amounted to +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+0.3% per year) and Angola (-4.8% per year).

Export Prices by Country

In 2021, the average sweet biscuit export price amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 8.5%. 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 stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Angola ($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 Cuba (+1.8%), while the prices for the other major destinations experienced a decline.

Sweet Biscuit Imports

Imports into Brazil

In 2021, purchases abroad of sweet biscuits decreased by -20.2% to X tons, falling for the second year in a row after three years of growth. Over the period under review, total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 45%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, sweet biscuit imports dropped to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 58% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Portugal (X tons) and Italy (X tons) were the main suppliers of sweet biscuit imports to Brazil, together accounting for 63% of total imports. Spain, Poland, Argentina, China, Belgium, the Netherlands, France and Denmark lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit suppliers to Brazil were Germany ($X), Portugal ($X) and Italy ($X), with a combined 56% share of total imports. Poland, Spain, Argentina, Belgium, the Netherlands, China, France and Denmark lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Poland, with a CAGR of +21.8%, saw the highest rates of growth with regard to 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

The average sweet biscuit import price stood at $X per ton in 2021, increasing by 10% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for China ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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