Tridge summary
In 2023, Brazil's food and beverage industry experienced significant growth, with a 7.2% increase in revenue to R$1.161 trillion and a 5.1% increase in production. This was largely due to a 5.2% increase in exports, reaching a record US$62 billion. The sector, which represents 10.8% of the country's GDP and processes 60.9% of its agricultural production, also created 70,000 new jobs. Additionally, there was a 50% increase in investments in innovation, research and development, and plant modernization, totaling R$35.9 billion.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Brazilian food and beverage industry recorded a 7.2% increase in revenue and a 5.1% increase in production in 2023 compared to 2022. Last year, the sector's revenue reached R$1.161 trillion, including exports and sales to the domestic market. Total real sales (domestic market and exports) expanded by 3.4% in 2023. The data was released this Thursday by the Brazilian Food Industry Association (Abia) in a press conference. According to Abia, the sector represents 10.8% of the national GDP. Furthermore, the food industry processes around 60.9% of Brazilian agricultural production, according to Abia. The increase in industry revenue is due to the growth in exports, which expanded 5.2% in value (dollar), reaching a record level of US$62 billion. In volume, they grew 11.4% compared to 2022 and reached 72.1 million tons, which consolidated Brazil as the largest exporter of processed foods in the world. The main highlights, in value, were animal protein products (US$ 23.6 billion), ...
Source: CanalRural
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