Brazil: Leek Market 2023

Leek Market Size in Brazil

In 2021, the Brazilian leek market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Leek Production in Brazil

In value terms, leek production rose to $X in 2021 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.7% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 24%. Leek production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Leek Exports

Exports from Brazil

In 2021, overseas shipments of leeks and other alliaceous vegetables decreased by -21.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 418%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then shrank markedly in the following year.

In value terms, leek exports fell to $X in 2021. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 475% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for leek exports from Brazil, accounting for a 40% share of total exports. Moreover, leek exports to Slovakia exceeded the volume sent to the second major destination, Marshall Islands (X tons), fourfold. Panama (X tons) ranked third in terms of total exports with a 7.7% share.

From 2016 to 2021, the average annual rate of growth in terms of volume to Slovakia amounted to +275.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+403.9% per year) and Panama (+388.1% per year).

In value terms, the largest markets for leek exported from Brazil were Slovakia ($X), Marshall Islands ($X) and Qatar ($X), with a combined 43% share of total exports.

Marshall Islands, with a CAGR of +457.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average leek export price amounted to $X per ton, picking up by 14% against the previous year. In general, the export price showed a slight increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Leek Imports

Imports into Brazil

In 2021, the amount of leeks and other alliaceous vegetables imported into Brazil expanded significantly to X tons, growing by 14% against 2020 figures. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 196%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, leek imports expanded rapidly to $X in 2021. Overall, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 288%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) was the main supplier of leek to Brazil, accounting for a 97% share of total imports. It was followed by Spain (X kg), with a 3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +47.7%.

In value terms, China ($X) constituted the largest supplier of leek to Brazil, comprising 89% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +55.4%.

Import Prices by Country

The average leek import price stood at $X per ton in 2021, reducing by -7% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 223%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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