Food industry’s revenue grows 6.7% in 2019

With a revenue of R$ 700 billion registered last year, Brazilian food industry grew 6.7% in relation to 2018, when it reached R$ 656 billion in revenues. Research carried out by the Brazilian Food Industry Association (Abia) shows that this number represents 10% of the Brazilian GDP, including exporting and sales in the domestic market.

In national territory, food industry’s sales grew 6.2% in 2019 when compared to the prior year, with a growth of 2.3% in actual sales. Among the sectors of the industry with best results, meat stood out with an increase of 11.1% in sales in 2019, as well as cereals, tea and coffee (5.6%); dehydrated and frozen food (4.9%); and others, which includes spices, sauces, condiments, ice creams and snacks (3.4%).

Conversely, significant decreases for the sector were registered in sugar (-10.8%); oils and fats (-4.7%); and fruits and vegetable products (-4.1%).

In the sector, exportations represented 19.2% of the sales registered by Abia in 2019, adding up to US$ 34.1 billion, little over 2% less than registered in 2018.

Data from the Brazilian Food Industry Association shows that the Brazilian products reached over 180 countries, and China was responsible for US$ 5.36 billion invested in the Brazilian manufactured food industry, followed by the Netherlands (US$ 1.9 billion); Hong Kong (US$ 1.6 billion); United States (US$ 1.5 billion); and Saudi Arabia (US$ 1.4 billion).