Brazil: Pasta, Biscuit and Bread Industry forecasts growth of 1% in 2022

Published 2022년 7월 8일

Tridge summary

The Brazilian Association of the Biscuit, Pasta and Industrialized Bread & Cakes Industries (Abimapi) and the Brazilian Association of the Chocolate, Peanuts and Confectionery Industries (Abicab) are expecting a slight growth of 1% in sales volume for the biscuit, pasta, bread, and industrialized cakes sector by the end of 2022. This follows a period of stabilization after a 6% growth in 2020. The pandemic has impacted purchasing power and consumption, but exports hit a record of 200 thousand tons and generated US$ 240 million in 2021. Abimapi and Abicab are focusing on expanding in the foreign market, with expectations to close around US$ 10 million in business from 80 meetings with 10 buyers. The chocolate sector experienced significant growth in 2021, increasing by 36%, and the peanut sector is also performing well despite issues with main foreign buyers, finding a positive connection with China.

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Original content

After showing good growth in 2020, around 6% in sales volume, the biscuit, pasta and bread and industrialized cakes sector expects to end the year 2022 with a smaller increase in volume, around 1%. Although it seems like a small growth, this would still be a good result, said Claudio Zanão, executive president of the Brazilian Association of the Biscuit, Pasta and Industrialized Bread & Cakes Industries (Abimapi). 1% maximum. But stabilizing at 0% will also be a good result”, he said, in an interview with Agência Brasil, during the 17th International Congress of Industries. “Our product category has been holding up very well during the pandemic. There was greater growth in 2020, with emergency aid. In 2021 and 2022 there was a drop, but in parallel with 2019, which was a pre-pandemic period. So there is no reason for an explosion of consumption again”, he explained. Not even the proximity of the World Cup can bring more positive reflexes. “Unfortunately it is not the World Cup, ...

Source: Odocumento