Mandarins Price in Brazil - 2023
Contents:
- Mandarins Price in Brazil (CIF) - 2023
- Mandarins Price in Brazil (FOB) - 2022
- Mandarins Imports in Brazil
- Mandarins Exports in Brazil
Mandarins Price in Brazil (CIF) - 2023
The average mandarins import price stood at $1,120 per ton in August 2023, surging by 4.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in December 2022 an increase of 49% m-o-m. As a result, import price reached the peak level of $1,541 per ton. From January 2023 to August 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Uruguay ($1,147 per ton), while the price for Argentina ($1,001 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Mandarins Price in Brazil (FOB) - 2022
In 2022, the average mandarins export price amounted to $2,079 per ton, rising by 83% against the previous year. Over the period under review, the export price posted a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($3,906 per ton), while the average price for exports to Uruguay ($408 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+72.1%), while the prices for the other major destinations experienced more modest paces of growth.
Mandarins Imports in Brazil
In 2022, the amount of fruit, edible imported into Brazil shrank modestly to 7.6K tons, approximately mirroring the previous year. Over the period under review, imports recorded a pronounced decline. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year.
In value terms, mandarins imports stood at $7.9M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 8.5% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Mandarins in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.9 | 5.0 | 4.5 | 5.0 | 0.7% |
| Uruguay | 2.1 | 2.0 | 2.4 | 1.9 | -3.3% |
| Egypt | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Argentina | 0.1 | N/A | N/A | 0.4 | 58.7% |
| Chile | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | N/A | N/A | 0.5 | N/A | 0% |
| Total | 7.0 | 7.0 | 7.6 | 7.9 | 4.1% |
Top Suppliers of Mandarins to Brazil in 2022:
- Spain (4.7K tons)
- Uruguay (1.9K tons)
- Argentina (0.5K tons)
- Egypt (0.4K tons)
- Chile (0.2K tons)
Mandarins Exports in Brazil
For the third year in a row, Brazil recorded decline in overseas shipments of fruit, edible, which decreased by -44.7% to 121 tons in 2022. Over the period under review, exports showed a dramatic curtailment. The smallest decline of -4.7% was in 2021.
In value terms, mandarins exports amounted to $251K in 2022. Overall, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 5.8% against the previous year.
| Export of Mandarins in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 248 | 17.2 | 106 | 81.3 | -31.0% |
| Kuwait | N/A | 0.4 | N/A | 45.7 | 968.9% |
| Guyana | 1.1 | 1.4 | 7.6 | 16.7 | 147.6% |
| Marshall Islands | 8.0 | 6.2 | 15.6 | 16.2 | 26.5% |
| Liberia | 6.8 | 4.9 | 11.0 | 14.4 | 28.4% |
| Panama | 5.4 | 4.4 | 8.8 | 11.4 | 28.3% |
| Hong Kong SAR | 3.9 | 3.8 | 7.7 | 6.6 | 19.2% |
| Singapore | 5.0 | 4.0 | 7.0 | 5.9 | 5.7% |
| Malta | 4.1 | 2.2 | 5.9 | 5.1 | 7.5% |
| Greece | 4.6 | 1.7 | 5.4 | 4.3 | -2.2% |
| Bahamas | 2.3 | 1.6 | 4.5 | 4.1 | 21.3% |
| Cyprus | 2.0 | 2.1 | 3.7 | 3.6 | 21.6% |
| Uruguay | N/A | N/A | 4.4 | 0.9 | -79.5% |
| Others | 211 | 184 | 59.7 | 34.7 | -45.2% |
| Total | 502 | 234 | 248 | 251 | -20.6% |
Top Export Markets for Mandarins from Brazil in 2022:
- Canada (25.3 tons)
- Guyana (15.3 tons)
- Marshall Islands (12.2 tons)
- Kuwait (11.7 tons)
- Liberia (10.0 tons)
- Panama (7.9 tons)
- Hong Kong SAR (4.6 tons)
- Singapore (3.9 tons)
- Malta (3.6 tons)
- Greece (3.3 tons)
- Cyprus (2.9 tons)
- Bahamas (2.8 tons)
- Uruguay (2.3 tons)
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