Brazil: Market for Rusks, Toasted Bread and Similar Toasted Products 2022

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Brazil

After three years of growth, the Brazilian rusks and toasted bread market decreased by -4.5% to $X in 2021. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Brazil

In value terms, rusks and toasted bread production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 37%. Rusks and toasted bread production peaked at $X in 2020, and then declined in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Brazil

Rusks and toasted bread exports from Brazil dropped slightly to X tons in 2021, which is down by -3.4% against the previous year's figure. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 38%. As a result, the exports attained the peak of X tons, and then dropped slightly in the following year.

In value terms, rusks and toasted bread exports declined to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +19.9% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 31%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

The United States (X tons) was the main destination for rusks and toasted bread exports from Brazil, with a 47% share of total exports. Moreover, rusks and toasted bread exports to the United States exceeded the volume sent to the second major destination, Argentina (X tons), threefold. The third position in this ranking was held by Uruguay (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+13.8% per year) and Uruguay (+26.8% per year).

In value terms, the United States ($X) remains the key foreign market for rusks and toasted bread exports from Brazil, comprising 39% of total exports. The second position in the ranking was held by Uruguay ($X), with a 16% share of total exports. It was followed by Chile, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+22.3% per year) and Chile (+23.3% per year).

Export Prices by Country

In 2021, the average rusks and toasted bread export price amounted to $X per ton, dropping by -5.4% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 17%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (-1.5%), while the prices for the other major destinations experienced a decline.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Brazil

In 2021, after four years of growth, there was significant decline in overseas purchases of rusks, toasted bread and similar toasted products, when their volume decreased by -57.4% to X tons. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 63%. Over the period under review, imports attained the peak figure at X tons in 2020, and then dropped markedly in the following year.

In value terms, rusks and toasted bread imports contracted to $X in 2021. Over the period under review, imports, however, saw prominent growth. The growth pace was the most rapid in 2018 with an increase of 52% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then dropped in the following year.

Imports by Country

Italy (X tons), Portugal (X tons) and Bulgaria (X tons) were the main suppliers of rusks and toasted bread imports to Brazil, with a combined 79% share of total imports.

From 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +91.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Portugal ($X) and Spain ($X) appeared to be the largest rusks and toasted bread suppliers to Brazil, with a combined 74% share of total imports. These countries were followed by Bulgaria, Chile and China, which together accounted for a further 21%.

In terms of the main suppliers, Bulgaria, with a CAGR of +92.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rusks and toasted bread import price stood at $X per ton in 2021, jumping by 115% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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