Clementines Price in Portugal - 2023
Contents:
- Clementines Price in Portugal (CIF) - 2023
- Clementines Price in Portugal (FOB) - 2023
- Clementines Imports in Portugal
- Clementines Exports in Portugal
Clementines Price in Portugal (CIF) - 2023
The average clementines import price stood at $1,314 per ton in July 2023, picking up by 2.4% against the previous month. Over the period under review, import price indicated a modest expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, clementines import price increased by +2.4% against June 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 18% against the previous month. As a result, import price attained the peak level of $1,335 per ton; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,071 per ton), while the price for South Africa ($929 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Clementines Price in Portugal (FOB) - 2023
In July 2023, the average clementines export price amounted to $1,554 per ton, reducing by -4.6% against the previous month. Over the period under review, export price indicated a pronounced expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, clementines export price increased by +28.5% against April 2023 indices. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 46% month-to-month. As a result, the export price attained the peak level of $1,750 per ton. From November 2022 to July 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In July 2023, the countries with the highest prices were Malta ($1,896 per ton) and Cabo Verde ($1,649 per ton), while the average price for exports to Spain ($1,293 per ton) and Poland ($1,316 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Clementines Imports in Portugal
In 2022, clementines imports into Portugal shrank modestly to 28K tons, falling by -2.8% compared with 2021 figures. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, imports attained the peak of 29K tons, and then contracted in the following year.
In value terms, clementines imports dropped to $23M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. As a result, imports reached the peak of $26M, and then contracted in the following year.
| Import of Clementines in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 13.9 | 17.6 | 24.7 | 17.9 | 8.8% |
| South Africa | 0.4 | N/A | 0.1 | 3.5 | 106.1% |
| Germany | N/A | N/A | N/A | 0.9 | 0% |
| France | 0.5 | 0.5 | 0.6 | 0.7 | 11.9% |
| Others | 1.0 | 0.4 | 1.1 | N/A | 4.9% |
| Total | 15.8 | 18.5 | 26.5 | 23.0 | 13.3% |
Top Suppliers of Clementines to Portugal in 2022:
- Spain (23.6K tons)
- South Africa (3.6K tons)
- France (0.7K tons)
- Germany (0.5K tons)
Clementines Exports in Portugal
For the fourth consecutive year, Portugal recorded growth in shipments abroad of fruit, edible, which increased by 8.6% to 17K tons in 2022. The total export volume increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, clementines exports reached $20M in 2022. The total export value increased at an average annual rate of +12.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 20%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Clementines in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.5 | 11.5 | 16.3 | 10.3 | -6.2% |
| Spain | 0.6 | 1.1 | 2.1 | 5.2 | 105.4% |
| Poland | N/A | 2.7 | N/A | 3.1 | 7.2% |
| Others | 0.8 | 1.4 | 1.3 | 1.2 | 14.5% |
| Total | 14.0 | 16.7 | 19.8 | 19.8 | 12.2% |
Top Export Markets for Clementines from Portugal in 2022:
- France (8.7K tons)
- Spain (4.9K tons)
- Poland (2.4K tons)
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