Brazil: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Brazil

The Brazilian sugary soft drink market reduced modestly to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption saw a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sugary Soft Drink Production in Brazil

In value terms, sugary soft drink production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 11%. Sugary soft drink production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Sugary Soft Drink Exports

Exports from Brazil

In 2022, approx. X litres of sugary soft drinks were exported from Brazil; which is down by -7.1% against the previous year. Overall, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2016 when exports increased by 31% against the previous year. Over the period under review, the exports attained the maximum at X litres in 2021, and then dropped in the following year.

In value terms, sugary soft drink exports reduced to $X in 2022. Over the period under review, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

Paraguay (X litres) was the main destination for sugary soft drink exports from Brazil, accounting for a 55% share of total exports. Moreover, sugary soft drink exports to Paraguay exceeded the volume sent to the second major destination, the United States (X litres), twofold. The third position in this ranking was held by Chile (X litres), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay amounted to +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.2% per year) and Chile (+58.4% per year).

In value terms, the largest markets for sugary soft drink exported from Brazil were Paraguay ($X), the United States ($X) and Chile ($X), with a combined 72% share of total exports. Guyana, Bolivia, Venezuela and Japan lagged somewhat behind, together comprising a further 9.7%.

Among the main countries of destination, Venezuela, with a CAGR of +401.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, picking up by 4.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per litre in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Paraguay ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into Brazil

In 2022, after two years of growth, there was significant decline in supplies from abroad of sugary soft drinks, when their volume decreased by -56.7% to X litres. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 199%. Over the period under review, imports hit record highs at X litres in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugary soft drink imports declined significantly to $X in 2022. Over the period under review, imports, however, saw measured growth. The pace of growth appeared the most rapid in 2017 when imports increased by 115% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell notably in the following year.

Imports by Country

The UK (X litres), South Korea (X litres) and the United States (X litres) were the main suppliers of sugary soft drink imports to Brazil, together accounting for 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +74.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugary soft drink suppliers to Brazil were the UK ($X), South Korea ($X) and the United States ($X), with a combined 92% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of +86.2%, 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

In 2022, the average sugary soft drink import price amounted to $X per litre, rising by 17% against the previous year. Overall, the import price continues to indicate a strong increase. The growth pace was the most rapid in 2015 when the average import price increased by 58% against the previous year. Over the period under review, average import prices attained the maximum at $X per litre in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per litre), while the price for Poland ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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