Price for Pectic Substances; Pectinates and Pectates in Brazil - 2023
Contents:
- Price for Pectic Substances; Pectinates and Pectates in Brazil (FOB) - 2023
- Price for Pectic Substances; Pectinates and Pectates in Brazil (CIF) - 2023
- Exports of Pectic Substances; Pectinates and Pectates in Brazil
- Imports of Pectic Substances; Pectinates and Pectates in Brazil
Price for Pectic Substances; Pectinates and Pectates in Brazil (FOB) - 2023
The average export price for pectic substances; pectinates and pectateses stood at $10,748 per ton in July 2023, growing by 2.8% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in November 2022 an increase of 8.2% m-o-m. Over the period under review, the average export prices hit record highs in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($17,492 per ton), while the average price for exports to Denmark ($4,088 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pectic Substances; Pectinates and Pectates in Brazil (CIF) - 2023
The average import price for pectic substances; pectinates and pectateses stood at $13,190 per ton in July 2023, surging by 2.7% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 30% month-to-month. Over the period under review, average import prices reached the peak figure at $15,965 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($19,479 per ton), while the price for Spain ($9,550 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pectic Substances; Pectinates and Pectates in Brazil
In 2022, exports of pectic substances; pectinates and pectateses from Brazil rose rapidly to 8.5K tons, growing by 8.5% compared with 2021. The total export volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, pectic substances; pectinates and pectates exports rose significantly to $78M in 2022. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pectic Substances; Pectinates and Pectates in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.7 | 37.5 | 29.6 | 26.7 | -8.4% |
| Thailand | 13.9 | 13.8 | 13.6 | 12.9 | -2.5% |
| India | 5.3 | 3.9 | 3.7 | 7.8 | 13.7% |
| United States | 1.0 | 0.7 | 1.5 | 6.8 | 89.5% |
| Vietnam | 5.0 | 3.1 | 5.7 | 5.6 | 3.8% |
| Argentina | 2.7 | 3.6 | 3.4 | 4.2 | 15.9% |
| Denmark | 0.1 | 0.2 | 0.6 | 1.9 | 166.8% |
| Others | 13.3 | 9.6 | 11.6 | 12.5 | -2.0% |
| Total | 76.1 | 72.6 | 69.7 | 78.2 | 0.9% |
Top Export Markets for Pectic Substances; Pectinates and Pectates from Brazil in 2022:
- China (3.4K tons)
- United States (1.1K tons)
- Thailand (1.1K tons)
- India (0.7K tons)
- Vietnam (0.4K tons)
- Denmark (0.3K tons)
- Argentina (0.3K tons)
Imports of Pectic Substances; Pectinates and Pectates in Brazil
In 2022, approx. 799 tons of pectic substances; pectinates and pectateses were imported into Brazil; growing by 5.3% on 2021 figures. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, pectic substances; pectinates and pectates imports expanded slightly to $9.2M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Pectic Substances; Pectinates and Pectates in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 2.5 | 1.9 | 2.3 | 2.7 | 2.6% |
| Mexico | 3.6 | 2.9 | 2.1 | 1.7 | -22.1% |
| France | N/A | 0.1 | 0.2 | 1.2 | 246.4% |
| Germany | 0.6 | 1.3 | 2.1 | 1.1 | 22.4% |
| China | 0.8 | 0.8 | 1.1 | 1.0 | 7.7% |
| Italy | 0.1 | 0.5 | 0.5 | 0.6 | 81.7% |
| Spain | N/A | 0.1 | 0.3 | 0.4 | 100.0% |
| India | 0.4 | 0.2 | 0.5 | 0.2 | -20.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Total | 8.1 | 8.0 | 9.1 | 9.2 | 4.3% |
Top Suppliers of Pectic Substances; Pectinates and Pectates to Brazil in 2022:
- Mexico (195.2 tons)
- Denmark (150.7 tons)
- Germany (121.3 tons)
- France (119.5 tons)
- China (81.2 tons)
- Spain (49.1 tons)
- India (30.0 tons)
- Italy (29.7 tons)
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