Brazil: Groundnuts Market 2024

Groundnuts Market Size in Brazil

After two years of growth, the Brazilian groundnuts market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Groundnuts Production in Brazil

In value terms, groundnuts production rose significantly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced contraction. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of ground-nut (in-shell) in Brazil dropped slightly to X tons per ha in 2022, which is down by X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the yield increased by X% against the previous year. The groundnuts yield peaked at X tons per ha in 2021, and then dropped modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of ground-nut (in-shell) in Brazil shrank to X ha, which is down by X% on 2021 figures. In general, the total harvested area indicated a buoyant expansion from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts harvested area increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The groundnuts harvested area peaked at X ha in 2021, and then declined in the following year.

Groundnuts Exports

Exports from Brazil

In 2022, groundnuts exports from Brazil surged to X tons, increasing by X% compared with the year before. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, groundnuts exports soared to $X in 2022. Over the period under review, exports saw noticeable growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uruguay (X tons) was the main destination for groundnuts exports from Brazil, with a X% share of total exports. It was followed by Angola (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Uruguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Italy (X% per year).

In value terms, Uruguay ($X) remains the key foreign market for ground-nut (in-shell) exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uruguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price recorded a deep reduction. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Uruguay ($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 Italy (X%), while the prices for the other major destinations experienced mixed trend patterns.

Groundnuts Imports

Imports into Brazil

In 2021, after two years of decline, there was decline in overseas purchases of ground-nut (in-shell), when their volume decreased by X% to X tons. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, groundnuts imports amounted to $X in 2021. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of groundnuts to Brazil, accounting for a X% share of total imports. It was followed by China (X kg), with a X% share of total imports.

From 2014 to 2021, the average annual growth rate of volume from the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of ground-nut (in-shell) to Brazil, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2014 to 2021, the average annual growth rate of value from the United Arab Emirates was relatively modest.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 a decrease of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates amounted to $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Source: IndexBox Platform

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