Brazil: Canned Food Market 2024

Canned Food Market Size in Brazil

The Brazilian canned food market declined modestly to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Canned food consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Canned Food Production in Brazil

In value terms, canned food production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Canned food production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Canned Food Exports

Exports from Brazil

In 2022, shipments abroad of canned food increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, recorded a perceptible contraction. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, canned food exports expanded markedly to $X in 2022. Overall, exports, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of canned food exports from Brazil, with a combined X% share of total exports. Argentina, Uruguay, Paraguay, Japan, Chile, Canada, Germany, Ireland and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and the Netherlands ($X) constituted the largest markets for canned food exported from Brazil worldwide, with a combined X% share of total exports. Belgium, Argentina, Germany, Chile, Uruguay, Ireland, Japan, Canada and Paraguay lagged somewhat behind, together accounting for a further X%.

Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 2022, the average canned food export price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Argentina ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Brazil

Canned food imports into Brazil totaled X tons in 2022, with an increase of X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, canned food imports rose significantly to $X in 2022. Overall, imports, however, recorded a slight slump. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of canned food to Brazil, accounting for a X% share of total imports. Moreover, canned food imports from Argentina exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Italy (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of canned food to Brazil, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average canned food import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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