Price for Food Preparations Not Elsewhere Specified or Included in Portugal - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Portugal (CIF) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Portugal (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Portugal
- Exports of Food Preparations Not Elsewhere Specified or Included in Portugal
Price for Food Preparations Not Elsewhere Specified or Included in Portugal (CIF) - 2023
In November 2023, the average import price for food preparations not elsewhere specified or included amounted to $5,007 per ton, almost unchanged from the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 7.8% m-o-m. As a result, import price reached the peak level of $5,406 per ton. From June 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($7,916 per ton), while the price for Belgium ($3,961 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Portugal (FOB) - 2022
In 2022, the average export price for food preparations not elsewhere specified or included amounted to $4,072 per ton, shrinking by -2.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. As a result, the export price reached the peak level of $4,957 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($7,039 per ton), while the average price for exports to the UK ($2,423 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cabo Verde (-2.4%), while the prices for the other major destinations experienced a decline.
Imports of Food Preparations Not Elsewhere Specified or Included in Portugal
Imports of food preparations not elsewhere specified or included into Portugal was estimated at 64K tons in 2022, rising by 2.4% against 2021 figures. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of food preparations not elsewhere specified or included totaled $286M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Food Preparations Not Elsewhere Specified or Included in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 88.7 | 91.3 | 112 | 122 | 11.2% |
| Netherlands | 16.0 | 13.5 | 20.6 | 27.8 | 20.2% |
| France | 20.9 | 21.3 | 26.7 | 27.7 | 9.8% |
| Germany | 17.7 | 20.1 | 26.8 | 27.0 | 15.1% |
| Poland | 11.3 | 11.4 | 13.1 | 14.5 | 8.7% |
| Italy | 15.9 | 16.4 | 17.7 | 11.6 | -10.0% |
| Denmark | 15.6 | 14.4 | 13.4 | 11.6 | -9.4% |
| Belgium | 18.6 | 16.6 | 12.9 | 10.1 | -18.4% |
| Others | 47.4 | 38.7 | 34.5 | 33.3 | -11.1% |
| Total | 252 | 244 | 278 | 286 | 4.3% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Portugal in 2022:
- Spain (29.7K tons)
- Germany (6.6K tons)
- Netherlands (6.2K tons)
- France (6.1K tons)
- Denmark (2.5K tons)
- Italy (2.4K tons)
- Poland (2.2K tons)
- Belgium (2.2K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Portugal
In 2022, approx. 20K tons of food preparations not elsewhere specified or included were exported from Portugal; surging by 4.7% compared with 2021. The total export volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 7.3% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of food preparations not elsewhere specified or included rose to $83M in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Food Preparations Not Elsewhere Specified or Included in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 28.9 | 30.3 | 33.5 | 33.2 | 4.7% |
| Angola | 4.9 | 4.7 | 6.2 | 8.1 | 18.2% |
| France | 5.3 | 5.0 | 5.1 | 4.8 | -3.2% |
| United Kingdom | 1.5 | 2.0 | 2.2 | 2.1 | 11.9% |
| Switzerland | 3.6 | 4.1 | 3.0 | 1.7 | -22.1% |
| Cabo Verde | 1.5 | 1.5 | 1.7 | 1.5 | 0.0% |
| Others | 21.2 | 21.4 | 29.7 | 31.5 | 14.1% |
| Total | 66.8 | 69.0 | 81.4 | 82.9 | 7.5% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Portugal in 2022:
- Spain (13.2K tons)
- France (1.5K tons)
- Angola (1.1K tons)
- United Kingdom (0.9K tons)
- Cabo Verde (0.4K tons)
- Switzerland (0.3K tons)
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