Non-Liquid Margarine Price in Brazil - 2023

Non-Liquid Margarine Price in Brazil (FOB) - 2023

The average non-liquid margarine export price stood at $2,005 per ton in July 2023, shrinking by -2.6% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 18% m-o-m. As a result, the export price attained the peak level of $2,281 per ton. From June 2023 to July 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Venezuela ($2,664 per ton), while the average price for exports to Bolivia ($1,227 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Liquid Margarine Price in Brazil (CIF) - 2022

The average non-liquid margarine import price stood at $2,199 per ton in 2022, with an increase of 35% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-liquid margarine import price increased by +76.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($2,227 per ton), while the price for Italy amounted to $2,160 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Liquid Margarine Exports in Brazil

In 2022, overseas shipments of non-liquid margarine decreased by -21.3% to 37K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 155% against the previous year.

In value terms, non-liquid margarine exports rose markedly to $73M in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 161%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Export of Non-Liquid Margarine in Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Venezuela	8.9	41.1	52.8	52.0	80.1%
Chile	4.6	7.1	7.4	11.2	34.5%
Uruguay	1.7	0.8	1.9	2.9	19.5%
Paraguay	2.0	2.6	2.9	2.5	7.7%
Cabo Verde	0.5	0.5	0.6	1.2	33.9%
Angola	1.4	0.3	0.4	0.7	-20.6%
Bolivia	0.6	0.7	0.5	0.3	-20.6%
Others	0.9	0.4	1.4	2.4	38.7%
Total	20.5	53.6	67.9	73.1	52.8%

Top Export Markets for Non-Liquid Margarine from Brazil in 2022:

Venezuela (23.5K tons)
Chile (7.0K tons)
Uruguay (2.0K tons)
Paraguay (1.8K tons)
Angola (0.6K tons)
Cabo Verde (0.6K tons)
Bolivia (0.3K tons)

Non-Liquid Margarine Imports in Brazil

In 2022, overseas purchases of non-liquid margarine decreased by -52.8% to 311 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. As a result, imports reached the peak of 758 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-liquid margarine imports dropped notably to $683K in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year.