Brazil: Sector expects to earn 10% more from foreign sales in 2022

Published 2022년 1월 28일

Tridge summary

The Brazilian Association of Biscuit, Pasta and Industrialized Bread & Cakes (Abimapi) predicts a 10% increase in exports for the cookie, pasta, bread, and industrialized cakes industry in 2022, reaching US$ 245.5 million, despite a slowdown from the 25% growth in 2021. The volume of exports is expected to surpass last year's total by 15%, with South America being the primary market. The industry also aims to expand sales to the United States, Canada, and China, with plans to strengthen retail presence in Colombia, Argentina, Paraguay, and Uruguay. The growth is attributed to factors such as the anticipated stabilization of the COVID-19 pandemic, a weaker real making products more competitive, and potential improvements in global maritime transport.

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Original content

By Isadora Duarte São Paulo, 01/28/2022 - The Brazilian industry of cookies, pasta, bread and industrialized cakes expects to earn 10% more in exports this year compared to the reported in 2021, of US$ 245.5 million. The estimate would represent a slowdown in growth, which was 25% in 2021 compared to 2020. In terms of volume, exports in the category should exceed by 15% the total sold abroad last year, of 201,000 tons. The projections were anticipated by the Brazilian Association of Biscuit, Pasta and Industrialized Bread & Cakes (Abimapi) to Broadcast Agro. The lower rate of growth expected is due to the expectation of a cooling down of the covid-19 pandemic, the regularization of markets and the stabilization in the high sales, according to the International Director of Abimapi, Rodrigo Iglesias. "For this year, a greater balance in exports is expected, but we should continue to grow. From 2019 to 2021, the sector practically doubled the volume exported, a movement driven by the ...

Source: Broadcast