Brazil: Vegetable Puree Market 2024

Vegetable Puree Market Size in Brazil

The Brazilian vegetable puree market contracted to $X in 2022, which is down by -7.3% against the previous year. Overall, consumption recorded a slight reduction. Vegetable puree consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Vegetable Puree Production in Brazil

In value terms, vegetable puree production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 6.6%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Vegetable Puree Exports

Exports from Brazil

In 2022, approx. X tons of vegetable puree were exported from Brazil; picking up by 380% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 2,420% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, vegetable puree exports surged to $X in 2022. Overall, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for vegetable puree exports from Brazil, accounting for a 86% share of total exports. Moreover, vegetable puree exports to the United States exceeded the volume sent to the second major destination, Marshall Islands (X kg), more than tenfold. The third position in this ranking was held by Panama (X kg), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +45.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+59.4% per year) and Panama (+95.3% per year).

In value terms, the United States ($X) remains the key foreign market for vegetable puree exports from Brazil, comprising 95% of total exports. The second position in the ranking was held by Marshall Islands ($X), with a 1.9% share of total exports. It was followed by Panama, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+83.6% per year) and Panama (+100.2% per year).

Export Prices by Country

In 2022, the average vegetable puree export price amounted to $X per ton, surging by 28% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 696% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Marshall Islands (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Puree Imports

Imports into Brazil

In 2022, supplies from abroad of vegetable puree decreased by -86.1% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a significant curtailment. The pace of growth was the most pronounced in 2020 with an increase of 216%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable puree imports contracted notably to $X in 2022. In general, imports faced a precipitous slump. The growth pace was the most rapid in 2020 when imports increased by 214% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Lebanon (X kg), Italy (X kg) and Germany (X kg) were the main suppliers of vegetable puree imports to Brazil.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of -20.2%), while imports for the other leaders experienced a decline.

In value terms, Italy ($X), Lebanon ($X) and Germany ($X) constituted the largest vegetable puree suppliers to Brazil.

Italy, with a CAGR of -22.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average vegetable puree import price amounted to $X per ton, jumping by 33% against the previous year. Overall, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 187% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+143.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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