Brazil: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Brazil

The Brazilian non-wheat groats market declined to $X in 2023, falling by X% against the previous year. In general, consumption saw a abrupt downturn. Non-wheat groats consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Non-Wheat Groats Production in Brazil

In value terms, non-wheat groats production contracted slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Non-wheat groats production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Non-Wheat Groats Exports

Exports from Brazil

In 2023, shipments abroad of groats and meal of cereals (excluding wheat) was finally on the rise to reach X tons after two years of decline. Over the period under review, exports continue to indicate measured growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, non-wheat groats exports skyrocketed to $X in 2023. Overall, exports enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Paraguay (X tons) was the main destination for non-wheat groats exports from Brazil, accounting for a X% share of total exports. Moreover, non-wheat groats exports to Paraguay exceeded the volume sent to the second major destination, Trinidad and Tobago (X tons), twofold. The third position in this ranking was held by Angola (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Paraguay stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (X% per year) and Angola (X% per year).

In value terms, Paraguay ($X), Trinidad and Tobago ($X) and Angola ($X) constituted the largest markets for non-wheat groats exported from Brazil worldwide, together comprising X% of total exports.

Among the main countries of destination, Paraguay, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the average non-wheat groats export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into Brazil

In 2023, after three years of growth, there was decline in purchases abroad of groats and meal of cereals (excluding wheat), when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then declined in the following year.

In value terms, non-wheat groats imports shrank significantly to $X in 2023. In general, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2023, Canada (X tons) constituted the largest supplier of non-wheat groats to Brazil, with a X% share of total imports. Moreover, non-wheat groats imports from Canada exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold.

From 2012 to 2023, the average annual growth rate of volume from Canada amounted to X%.

In value terms, Canada ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Brazil, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Canada amounted to X%.

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%).

Source: IndexBox Platform