Peanut Butter Market in Brazil
Market Overview
The Brazilian peanut butter market expanded modestly to $
in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption failed to regain momentum.
In value terms, peanut butter production stood at $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Peanut butter production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.
in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption failed to regain momentum.In value terms, peanut butter production stood at $
in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Peanut butter production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.Consumption
In , the amount of peanut butter and prepared or preserved groundnuts consumed in Brazil expanded modestly to tons, growing by % compared with the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Peanut butter consumption peaked at tons in 2019; however, from to , consumption stood at a somewhat lower figure.
The value of the peanut butter market in Brazil stood at $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Peanut butter consumption peaked at $ in 2019; however, from to , consumption stood at a somewhat lower figure.
, the amount of peanut butter and prepared or preserved groundnuts consumed in Brazil expanded modestly to tons, growing by % compared with the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Peanut butter consumption peaked at tons in 2019; however, from to , consumption stood at a somewhat lower figure.The value of the peanut butter market in Brazil stood at $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Peanut butter consumption peaked at $ in 2019; however, from to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for peanut butter in Brazil, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .Market Structure
Over the period under review, imports of peanut butter in Brazil were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for peanut butter.
Trade Balance
Brazil remains a net exporter of peanut butter; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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