Brazil: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Brazil

The Brazilian sugary soft drink market fell slightly to $X in 2022, flattening at the previous year. Over the period under review, consumption continues to indicate a pronounced decrease. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sugary Soft Drink Production in Brazil

In value terms, sugary soft drink production shrank to $X in 2022 estimated in export price. In general, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sugary Soft Drink Exports

Exports from Brazil

In 2022, the amount of sugary soft drinks exported from Brazil shrank to X litres, which is down by X% against 2021. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X litres in 2021, and then contracted in the following year.

In value terms, sugary soft drink exports dropped modestly to $X in 2022. In general, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted slightly in the following year.

Exports by Country

Paraguay (X litres) was the main destination for sugary soft drink exports from Brazil, with a X% share of total exports. Moreover, sugary soft drink exports to Paraguay exceeded the volume sent to the second major destination, the United States (X litres), twofold. The third position in this ranking was held by Chile (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

In value terms, the largest markets for sugary soft drink exported from Brazil were Paraguay ($X), the United States ($X) and Chile ($X), with a combined X% share of total exports. Guyana, Bolivia, Venezuela and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Venezuela, with a CAGR of X%, saw the highest rates of growth with regard to 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 sugary soft drink export price stood at $X per litre in 2022, with an increase of X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per litre in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Paraguay ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into Brazil

In 2022, supplies from abroad of sugary soft drinks decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X litres in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugary soft drink imports fell significantly to $X in 2022. Over the period under review, imports, however, recorded a perceptible expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then fell markedly in the following year.

Imports by Country

The UK (X litres), South Korea (X litres) and the United States (X litres) were the main suppliers of sugary soft drink imports to Brazil, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), South Korea ($X) and the United States ($X) constituted the largest sugary soft drink suppliers to Brazil, with a combined X% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of X%, 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 sugary soft drink import price stood at $X per litre in 2022, rising by X% against the previous year. Overall, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per litre in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per litre), while the price for Poland ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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