Brazil - Spices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpice Price in Brazil - 2023
Contents:
- Spice Price in Brazil (FOB) - 2022
- Spice Price in Brazil (CIF) - 2022
- Spice Exports in Brazil
- Spice Imports in Brazil
Spice Price in Brazil (FOB) - 2022
In 2022, the average spice export price amounted to $2,915 per ton, rising by 6.6% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 32%. The export price peaked at $7,679 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
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 Morocco ($3,798 per ton), while the average price for exports to the Netherlands ($1,273 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 Germany (-2.6%), while the prices for the other major destinations experienced a decline.
Spice Price in Brazil (CIF) - 2022
The average spice import price stood at $2,550 per ton in 2022, with an increase of 2.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($5,837 per ton), while the price for Argentina ($954 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Spice Exports in Brazil
In 2022, overseas shipments of spices decreased by -10.9% to 124K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14%.
In value terms, spice exports dropped slightly to $363M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 42%. As a result, the exports attained the peak of $381M, and then declined in the following year.
| Export of Spice in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 29.3 | 24.9 | 22.3 | 66.8 | 31.6% |
| United Arab Emirates | 9.3 | 16.2 | 31.4 | 33.0 | 52.5% |
| Germany | 32.6 | 34.8 | 55.4 | 29.2 | -3.6% |
| Netherlands | 17.4 | 22.9 | 35.7 | 27.5 | 16.5% |
| United States | 26.7 | 48.6 | 50.6 | 27.2 | 0.6% |
| Egypt | 11.5 | 13.4 | 24.9 | 22.4 | 24.9% |
| Morocco | 13.1 | 15.0 | 15.3 | 21.9 | 18.7% |
| India | 10.1 | 8.8 | 15.5 | 21.0 | 27.6% |
| Pakistan | 8.0 | 7.1 | 22.2 | 14.7 | 22.5% |
| Senegal | 2.5 | 3.5 | 8.6 | 13.8 | 76.7% |
| Mexico | 11.9 | 8.3 | 10.8 | 13.2 | 3.5% |
| Argentina | 4.5 | 6.6 | 9.5 | 10.1 | 30.9% |
| Turkey | 4.9 | 3.4 | 8.5 | 7.8 | 16.8% |
| Others | 49.5 | 54.7 | 71.0 | 53.9 | 2.9% |
| Total | 231 | 268 | 381 | 363 | 16.3% |
Top Export Markets for Spice from Brazil in 2022:
- Netherlands (21.6K tons)
- Vietnam (19.9K tons)
- United States (12.2K tons)
- United Arab Emirates (9.6K tons)
- Germany (7.8K tons)
- Egypt (6.7K tons)
- Morocco (5.8K tons)
- India (5.6K tons)
- Pakistan (4.5K tons)
- Argentina (4.4K tons)
- Senegal (4.1K tons)
- Mexico (3.7K tons)
- Turkey (2.4K tons)
Spice Imports in Brazil
In 2022, imports of spices into Brazil expanded notably to 24K tons, increasing by 15% on 2021 figures. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. As a result, imports reached the peak of 26K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spice imports surged to $61M in 2022. The total import value increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 28%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Spice in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.0 | 16.1 | 14.0 | 20.7 | 9.0% |
| China | 5.5 | 8.5 | 8.2 | 9.3 | 19.1% |
| Vietnam | 2.8 | 3.9 | 6.9 | 8.8 | 46.5% |
| Indonesia | 7.9 | 10.0 | 6.7 | 6.9 | -4.4% |
| Egypt | 1.1 | 4.1 | 3.6 | 4.0 | 53.8% |
| Spain | 1.5 | 2.5 | 3.0 | 2.2 | 13.6% |
| Argentina | 1.8 | 2.6 | 2.2 | 2.1 | 5.3% |
| Turkey | 2.0 | 2.4 | 1.8 | 1.9 | -1.7% |
| Peru | 0.7 | 1.6 | 2.0 | 1.9 | 39.5% |
| Others | 4.5 | 4.6 | 3.7 | 3.2 | -10.7% |
| Total | 43.9 | 56.3 | 52.1 | 61.2 | 11.7% |
Top Suppliers of Spice to Brazil in 2022:
- India (9.7K tons)
- China (3.3K tons)
- Vietnam (2.4K tons)
- Egypt (2.3K tons)
- Argentina (2.2K tons)
- Indonesia (1.2K tons)
- Peru (1.1K tons)
- Turkey (0.7K tons)
- Spain (0.5K tons)
This report provides an in-depth analysis of the spice 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 687 - Pepper
- FCL 689 - Pimento
- FCL 692 - Vanilla
- FCL 693 - Cinnamon (canella)
- FCL 698 - Cloves
- FCL 702 - Nutmeg, mace, cardamoms
- FCL 711 - Anise, badian, fennel
- FCL 720 - Ginger
- FCL 723 - Spices nes
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
1546
This report provides an in-depth analysis of the spice market in Brazil.
1048
This report provides an in-depth analysis of the piper pepper market in Brazil.
458
This report provides an in-depth analysis of the pimenta pepper market in Brazil.
5023
This report provides an in-depth analysis of the global spice market.
6740
This report provides an in-depth analysis of the global piper pepper market.
899
This report provides an in-depth analysis of the global pimenta pepper market.
1546
This report provides an in-depth analysis of the spice market in Brazil.
1048
This report provides an in-depth analysis of the piper pepper market in Brazil.
458
This report provides an in-depth analysis of the pimenta pepper market in Brazil.
5023
This report provides an in-depth analysis of the global spice market.
129
During the review period, Piper Pepper exports reached a peak of 93K tons in 2021. However, in the following years, exports did not show growth. The value of piper pepper exports significantly declined to $252M in 2023.
2268
Pepper market in Brazil stood at $X in 2016 in producer prices, a growth of X% from the prevous year. However, from 2008 to 2015, the market showed a pronounced decline. In physical terms, market volume increased rapidly over the last two years and
495
Explore the top import markets for spice worldwide, including the United States, India, China, Germany, and the United Arab Emirates. Discover key statistics and market insights from the IndexBox market intelligence platform.
409
The global spice market is forecast to reach a value of $54.1 billion by 2030, growing at a CAGR of around 4.1% during 2022-2030.
3086
The global spice market is expected to grow at a CAGR of over 3.5% from 2022 to 2025.
1090
Among leading importers, China, India, and the U.S. saw the highest growth rates of imports over the past decade.
765
The lockdown caused a surge in household demand, and the costs of some spices were going through the roof during the pandemic.
1169
The global spice market amounted to $33.1B in 2019, leveling off at the previous year. This figure reflects the total...
1116
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
4996
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
