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Brazil - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Brazil: Virgin Olive Oil Market Overview 2021

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Virgin Olive Oil Market Size in Brazil

After three years of growth, the Brazilian virgin olive oil market decreased by -X% to $X in 2019. In general, consumption recorded strong growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2018, and then dropped in the following year.

Virgin Olive Oil Exports

Exports from Brazil

In 2019, overseas shipments of olive oil (virgin) increased by X% to X tonnes, rising for the second year in a row after three years of decline. In general, exports, however, showed a pronounced shrinkage. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, virgin olive oil exports skyrocketed to $X in 2019. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X tonnes), Spain (X tonnes) and Greece (X tonnes) were the main destinations of virgin olive oil exports from Brazil, with a combined X% share of total exports. These countries were followed by Cyprus, Singapore, Panama, the UK, Marshall Islands, Liberia, China, Curacao, Germany and Saudi Arabia, which together accounted for a further X 2007 to 2019, the biggest increases were in Curacao (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for virgin olive oil exported from Brazil were Paraguay ($X), Spain ($X) and Saudi Arabia ($X), with a combined X% share of total exports. Greece, Marshall Islands, Liberia, Cyprus, Curacao, Panama, Singapore, the UK, China and Germany lagged somewhat behind, together comprising a further X the main countries of destination, Curacao (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average virgin olive oil export price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, export price indicated notable growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, virgin olive oil export price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2009 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2010 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Marshall Islands (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports into Brazil

In 2019, the amount of olive oil (virgin) imported into Brazil soared to X tonnes, picking up by X% on 2018 figures. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, virgin olive oil imports shrank to $X in 2019. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2018, and then reduced in the following year.

Imports by Country

In 2019, Portugal (X tonnes) constituted the largest virgin olive oil supplier to Brazil, with a X% share of total imports. Moreover, virgin olive oil imports from Portugal exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), threefold. The third position in this ranking was occupied by Argentina (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Portugal amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Argentina (+X% per year).

In value terms, Portugal ($X) constituted the largest supplier of virgin olive oil to Brazil, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Portugal totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Chile (+X% per year).

Import Prices by Country

In 2019, the average virgin olive oil import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per tonne in 2018, and then shrank rapidly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Chile ($X per tonne) and Italy ($X per tonne), while the price for Argentina ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olive oil (virgin) in the world?
+
The countries with the highest volumes of virgin olive oil consumption in 2019 were Spain (969K tonnes), Italy (755K tonnes) and Greece (340K tonnes), together accounting for 55% of global consumption. These countries were followed by the U.S., Morocco, France, Tunisia, Algeria, Brazil, Portugal, Syrian Arab Republic and Germany, which together accounted for a further 28%.
What are the largest producers of olive oil (virgin) in the world?
+
Spain (1.7M tonnes) remains the largest virgin olive oil producing country worldwide, comprising approx. 45% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Italy (477K tonnes), fourfold. Greece (434K tonnes) ranked third in terms of total production with a 12% share.
What are the leading suppliers of olive oil (virgin) to Brazil?
+
In value terms, Portugal ($224M) constituted the largest supplier of virgin olive oil to Brazil, comprising 63% of total imports. The second position in the ranking was occupied by Spain ($58M), with a 16% share of total imports. It was followed by Chile, with a 7.4% share.
What are the leading importers of olive oil (virgin) from Brazil?
+
In value terms, Paraguay ($45K), Spain ($36K) and Saudi Arabia ($10K) were the largest markets for virgin olive oil exported from Brazil worldwide, together accounting for 45% of total exports. These countries were followed by Greece, Marshall Islands, Liberia, Cyprus, Curacao, Panama, Singapore, the UK, China and Germany, which together accounted for a further 29%.
What is the average export price for olive oil (virgin) in Brazil?
+
The average virgin olive oil export price stood at $5,527 per tonne in 2019, increasing by 4.5% against the previous year.
What is the average import price for olive oil (virgin) in Brazil?
+
In 2019, the average virgin olive oil import price amounted to $4,540 per tonne, shrinking by -23.5% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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