Brazil - Frozen Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Vegetable Price in Brazil - 2023
Contents:
- Frozen Vegetable Price in Brazil (CIF) - 2022
- Frozen Vegetable Price in Brazil (FOB) - 2022
- Frozen Vegetable Imports in Brazil
- Frozen Vegetable Exports in Brazil
Frozen Vegetable Price in Brazil (CIF) - 2022
In 2022, the average frozen vegetable import price amounted to $1,077 per ton, jumping by 27% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2013 an increase of 32%. As a result, import price reached the peak level of $1,208 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($1,299 per ton) and the Netherlands ($1,189 per ton), while the price for Belgium ($948 per ton) and Argentina ($1,124 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Vegetable Price in Brazil (FOB) - 2022
The average frozen vegetable export price stood at $829 per ton in 2022, rising by 8.8% against the previous year. Over the period under review, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 20% against the previous year. The export price peaked at $2,859 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($1,614 per ton), while the average price for exports to Paraguay ($676 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 Argentina (+2.3%), while the prices for the other major destinations experienced a decline.
Frozen Vegetable Imports in Brazil
In 2022, overseas purchases of frozen vegetables decreased by -5.3% to 398K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 8.4% against the previous year.
In value terms, frozen vegetable imports skyrocketed to $429M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Frozen Vegetable in Brazil (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 225 | 161 | 177 | 210 | -2.3% |
Belgium | 71.8 | 98.1 | 96.7 | 137 | 24.0% |
Netherlands | 39.3 | 45.2 | 38.9 | 46.9 | 6.1% |
Others | 45.6 | 36.8 | 44.0 | 34.3 | -9.1% |
Total | 382 | 341 | 356 | 429 | 3.9% |
Top Suppliers of Frozen Vegetable to Brazil in 2022:
- Argentina (187.2K tons)
- Belgium (144.7K tons)
- Netherlands (39.4K tons)
Frozen Vegetable Exports in Brazil
In 2022, exports of frozen vegetables from Brazil skyrocketed to 9.1K tons, growing by 107% on the previous year. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 319% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, frozen vegetable exports surged to $7.6M in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 188% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
Export of Frozen Vegetable in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uruguay | N/A | 128 | 2,125 | 4,133 | 468.2% |
Bolivia | N/A | 206 | 435 | 1,458 | 166.0% |
Paraguay | 18.6 | 28.6 | 51.1 | 640 | 225.3% |
United States | 40.1 | 25.0 | 20.8 | 437 | 121.7% |
Marshall Islands | 80.5 | 87.6 | 103 | 127 | 16.4% |
Argentina | 87.9 | 182 | 48.1 | 124 | 12.2% |
Others | 505 | 514 | 587 | 658 | 9.2% |
Total | 732 | 1,171 | 3,369 | 7,577 | 117.9% |
Top Export Markets for Frozen Vegetable from Brazil in 2022:
- Uruguay (5.5K tons)
- Bolivia (1.7K tons)
- Paraguay (0.9K tons)
- United States (0.4K tons)
- Marshall Islands (0.1K tons)
- Argentina (0.1K tons)
This report provides an in-depth analysis of the frozen vegetable 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 473 - Vegetables, Frozen
- FCL 447 - Sweet Corn, Frozen
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
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In March 2023, Frozen Vegetable experienced a remarkable growth rate of 30% compared to the previous month. However, the value of frozen vegetable imports decreased to $33M in October 2023.
In February 2023, the frozen potato price stood at $1,375 per ton (CIF, Brazil), approximately mirroring the previous month.
In March 2023, the growth rate of imports for Frozen Fruits And Vegetables was the highest, with a significant 32% increase compared to the previous month. The value of these imports declined to $35M in October 2023.
In July 2023, the price of rennet in Brazil (CIF) was $12,916 per ton, indicating a decrease of 53.5% compared to the previous month.
During the review period, Malt imports reached a record high of 1.4M tons in 2021, but saw a slight decrease in 2022 to 2023. In terms of value, Malt imports amounted to $928M in 2023.
In terms of value, the import of Malt surged to $118M in July 2023.
The price of Soybean Oil, originating from Brazil and sold on a Free on Board basis, reached $976 per ton in June 2023. This marked a decrease of 3.8% compared to the previous month.
In November 2023, exports saw a significant growth rate of 64%, with a total value of crude soybean oil exports reaching $46M in January 2024.
In February 2023, the crude soybean oil price amounted to $1,173 per ton (FOB, Brazil), with a decrease of -6.9% against the previous month.
Discover the top import markets for frozen vegetables and key statistics on the global trade of frozen vegetables. Explore the demand for frozen vegetables in the United States, Japan, the United Kingdom, and more.