1、 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.GOVERNMENT POLICY Required Report:Required-Public Distribution Date:October 03,2024 Report Number:BR2024-0025 Report Name:Retail Foods Annual Country:Brazil Post:Sao Paul

2、o ATO Report Category:Retail Foods Prepared By:Andre Capella Approved By:Frederick Giles Report Highlights:The Brazilian economy grew 2.9 percent,largely supported by household consumption,which improved by 3.1 percent in 2023.Low unemployment(7.9%)and inflation(4.6%)were two major drivers for this

3、outcome.The retail industry maintained significant growth,reaching US$183 billion in sales.The sector represented nearly 9 percent of Brazils Gross Domestic Product(GDP).Executive Summary The Brazilian economy expanded 2.9 percent in 2023,reaching US$1.96 trillion.With measures related to COVID-19 p

4、hased out and higher global demand Brazil has seen economic growth.Inflation in Brazil ended in 2023 at 4.62 percent,within the governments official target(up to 4.75 percent).Imports of Consumer-Oriented Products In 2023,imports of consumer-oriented products by Brazil reached US$5.8 billion,a 14 pe

5、rcent increase compared to the previous year.The United States was the 5th largest supplier,with a 5.1 percent market share.The European Union(EU)and the United Kingdom(UK),direct competitors to the United States,maintained a 31 percent market share.The United States,the EU and the UK are positioned

6、 at a higher price level and offer products with similar quality and standards;therefore,it is plausible that U.S.companies have considerable room to grow in the Brazilian market.Chart 1:Import of Consumer Oriented Products in 2023 Source:Trade Data Monitor/Secex*EU 28 includes the UK Food Retail In