Brazil: Pasta, Biscuit and Bread Industry forecasts growth of 1% in 2022
Brazil
Published Jul 9, 2022
Tridge summary
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%.
Original content
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, nor the elections [which will influence the numbers], but the purchasing power, which remains low. Emergency aid is smaller and inconsistent. So that means you have less money in your pocket and the ...
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