Brazil - Cheese - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOctober 2023 Sees Brazil's Cheese Imports Surge to $19M
Brazil Cheese Imports
Cheese imports into Brazil soared to 3.9K tons in October 2023, rising by 16% on the previous month's figure. Overall, total imports indicated mild growth from October 2022 to October 2023: its volume increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, imports decreased by -4.4% against August 2023 indices. The most prominent rate of growth was recorded in March 2023 when imports increased by 44% m-o-m.
In value terms, cheese imports rose markedly to $19M (IndexBox estimates) in October 2023. Over the period under review, total imports indicated mild growth from October 2022 to October 2023: its value increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, imports decreased by -12.5% against August 2023 indices. The pace of growth appeared the most rapid in March 2023 with an increase of 47% month-to-month.
| COUNTRY | Import Value of Cheese in Brazil (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| Argentina | 13.5 | 10.2 | 7.9 | 9.8 | 11.2 | 15.3 | 12.9 | 17.3 | 14.4 | 14.6 | 16.3 | 14.0 | 14.1 |
| Uruguay | 1.9 | 2.0 | 1.7 | 1.7 | 1.4 | 2.9 | 1.3 | 2.1 | 1.8 | 2.6 | 3.4 | 1.9 | 3.6 |
| France | 0.3 | 0.4 | 0.3 | 0.5 | < 0.1 | 0.6 | 0.9 | 0.5 | 0.6 | 0.7 | 0.8 | 0.5 | 0.6 |
| Others | 1.1 | 1.2 | 1.1 | 0.6 | 1.1 | 1.5 | 1.3 | 1.0 | 0.8 | 1.0 | 1.5 | 1.2 | 0.9 |
| Total | 16.7 | 13.8 | 11.0 | 12.6 | 13.8 | 20.3 | 16.3 | 20.8 | 17.5 | 18.9 | 22.0 | 17.6 | 19.2 |
Imports by Country
In October 2023, Argentina (3.2K tons) constituted the largest cheese supplier to Brazil, with a 80% share of total imports. Moreover, cheese imports from Argentina exceeded the figures recorded by the second-largest supplier, Uruguay (599 tons), fivefold.
From October 2022 to October 2023, the average monthly rate of growth in terms of volume from Argentina totaled +1.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Uruguay (+4.6% per month) and France (+7.6% per month).
In value terms, Argentina ($14M) constituted the largest supplier of cheese to Brazil, comprising 73% of total imports. The second position in the ranking was taken by Uruguay ($3.6M), with a 19% share of total imports.
From October 2022 to October 2023, the average monthly growth rate of value from Argentina was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Uruguay (+5.6% per month) and France (+7.4% per month).
Imports by Type
Unripened or uncured cheese (2.5K tons), cheese, other than blue-veined, grated, powdered or processed (1.3K tons) and processed cheese (excluding grated or powdered) (44 tons) were the main products of cheese imports to Brazil, with a combined 99% share of total imports. Cheese of all kinds, grated or powdered and cheese, blue-veined (not grated, powdered or processed) lagged somewhat behind, together accounting for a further 0.7%.
From October 2022 to October 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by cheese, blue-veined (not grated, powdered or processed) (with a CAGR of +4.2%), while imports for the other products experienced more modest paces of growth.
In value terms, unripened or uncured cheese ($10M), cheese, other than blue-veined, grated, powdered or processed ($8.1M) and processed cheese (excluding grated or powdered) ($279K) were the most imported types of cheese in Brazil, with a combined 98% share of total imports. Cheese of all kinds, grated or powdered and cheese, blue-veined (not grated, powdered or processed) lagged somewhat behind, together comprising a further 1.7%.
Import Prices by Country
In October 2023, the cheese price stood at $4,878 per ton (CIF, Brazil), dropping by -5.8% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 3% against the previous month. Over the period under review, average import prices hit record highs at $5,491 per ton in July 2023; however, from August 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($8,795 per ton), while the price for Argentina ($4,434 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Uruguay (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the cheese market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 901 - Cheese from Whole Cow Milk
- FCL 904 - Cheese from Skimmed Cow Milk
- FCL 905 - Whey Cheese
- FCL 907 - Processed Cheese
- FCL 955 - Cheese of Buffalo Milk
- FCL 984 - Cheese of Sheep Milk
- FCL 1021 - Cheese of Goat Milk
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
