Brazil: Sweet Potato Market 2024

Sweet Potato Market Size in Brazil

The Brazilian sweet potato market totaled $X in 2023, increasing by X% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Sweet potato consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Sweet Potato Production in Brazil

In value terms, sweet potato production expanded sharply to $X in 2023 estimated in export price. Overall, production showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

The average yield of sweet potatoes in Brazil reached X tons per ha in 2023, remaining relatively unchanged against 2022. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the average sweet potato yield hit record highs at X tons per ha in 2021; however, from 2022 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sweet potato harvested area in Brazil contracted modestly to X ha in 2023, approximately equating the year before. Overall, the total harvested area indicated tangible growth from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sweet potato harvested area decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. The sweet potato harvested area peaked at X ha in 2020; however, from 2021 to 2023, the harvested area stood at a somewhat lower figure.

Sweet Potato Exports

Exports from Brazil

Sweet potato exports from Brazil surged to X tons in 2023, jumping by X% compared with 2022. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, sweet potato exports soared to $X in 2023. In general, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

Argentina (X tons) was the main destination for sweet potato exports from Brazil, accounting for a X% share of total exports. Moreover, sweet potato exports to Argentina exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by Uruguay (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Uruguay (X% per year).

In value terms, the largest markets for sweet potato exported from Brazil were the Netherlands ($X), Argentina ($X) and the UK ($X), with a combined X% share of total exports.

Argentina, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sweet potato export price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Potato Imports

Imports into Brazil

For the third consecutive year, Brazil recorded growth in purchases abroad of sweet potatoes, which increased by X% to X tons in 2018. Overall, imports recorded significant growth. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum in 2018 and are expected to retain growth in the near future.

In value terms, sweet potato imports declined notably to $X in 2018. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2018, the United States (X tons) constituted the largest supplier of sweet potato to Brazil, accounting for a X% share of total imports. Moreover, sweet potato imports from the United States exceeded the figures recorded by the second-largest supplier, South Africa (X kg), fivefold.

From 2016 to 2018, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and the Netherlands (X% per year).

In value terms, the largest sweet potato suppliers to Brazil were the United States ($X), South Africa ($X) and the Netherlands ($X), together comprising X% of total imports.

In terms of the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sweet potato import price stood at $X per ton in 2018, declining by X% against the previous year. In general, the import price recorded a sharp shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2018, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2016 to 2018, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Source: IndexBox Platform