Price for Protein; Concentrates and Textured Protein Substances in Portugal - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Portugal (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Portugal (FOB) - 2024
- Imports of Protein; Concentrates and Textured Protein Substances in Portugal
- Exports of Protein; Concentrates and Textured Protein Substances in Portugal
Price for Protein; Concentrates and Textured Protein Substances in Portugal (CIF) - 2024
In March 2024, the average import price for protein; concentrates and textured protein substanceses amounted to $5,301 per ton, reducing by -12.3% against the previous month. Over the period under review, the import price showed a mild downturn. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 32% against the previous month. As a result, import price attained the peak level of $7,444 per ton. From June 2023 to March 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Italy ($38,157 per ton), while the price for Argentina ($1,380 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Italy (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Portugal (FOB) - 2024
The average export price for protein; concentrates and textured protein substanceses stood at $15,506 per ton in March 2024, picking up by 96% against the previous month. Over the period under review, the export price, however, continues to indicate a mild curtailment. The export price peaked at $21,105 per ton in May 2023; however, from June 2023 to March 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In March 2024, the country with the highest price was Romania ($19,325 per ton), while the average price for exports to Angola ($5,826 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Portugal
Imports of protein; concentrates and textured protein substanceses into Portugal totaled 3.6K tons in 2022, surging by 9.2% on 2021 figures. In general, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of 4.8K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of protein; concentrates and textured protein substanceses expanded rapidly to $21M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Protein; Concentrates and Textured Protein Substances in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.4 | 6.6 | 6.5 | 10.0 | 31.5% |
| Belgium | 1.7 | 1.8 | 1.9 | 2.3 | 10.6% |
| France | 3.7 | 2.5 | 2.4 | 1.6 | -24.4% |
| Poland | 1.8 | 1.9 | 2.0 | 1.3 | -10.3% |
| Serbia | 0.3 | 0.4 | 0.4 | 1.2 | 58.7% |
| Germany | 1.0 | 1.0 | 0.9 | 1.1 | 3.2% |
| Netherlands | 4.4 | 1.9 | 0.7 | 1.0 | -39.0% |
| Italy | 0.7 | 0.5 | 0.9 | 0.8 | 4.6% |
| United States | 0.4 | 0.6 | 0.5 | 0.3 | -9.1% |
| Austria | 0.2 | 0.2 | 0.5 | 0.2 | 0.0% |
| United Kingdom | 0.9 | 1.4 | 0.3 | 0.1 | -51.9% |
| Argentina | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Denmark | 1.1 | 1.7 | 0.4 | N/A | -39.7% |
| Others | 0.7 | 1.3 | 0.8 | 0.7 | 0.0% |
| Total | 21.3 | 21.8 | 18.3 | 20.8 | -0.8% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Portugal in 2022:
- Spain (1569.6 tons)
- Serbia (738.0 tons)
- Belgium (239.8 tons)
- Netherlands (162.2 tons)
- France (156.6 tons)
- Germany (125.4 tons)
- Austria (98.5 tons)
- Argentina (94.6 tons)
- Italy (92.9 tons)
- United States (88.7 tons)
- Poland (71.1 tons)
- United Kingdom (14.2 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Portugal
In 2022, the amount of protein; concentrates and textured protein substanceses exported from Portugal reduced remarkably to 543 tons, falling by -31.6% on 2021 figures. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 71% against the previous year. As a result, the exports attained the peak of 793 tons, and then declined rapidly in the following year.
In value terms, exports of protein; concentrates and textured protein substanceses fell markedly to $7.2M in 2022. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, the exports attained the peak of $10M, and then contracted rapidly in the following year.
| Export of Protein; Concentrates and Textured Protein Substances in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3,804 | 3,498 | 3,549 | 3,100 | -6.6% |
| Angola | 46.2 | 76.8 | 199 | 421 | 108.9% |
| Netherlands | 411 | 555 | 555 | 415 | 0.3% |
| Romania | 138 | 199 | 223 | 347 | 36.0% |
| Greece | 128 | 225 | 342 | 336 | 37.9% |
| France | 129 | 282 | 364 | 291 | 31.1% |
| Switzerland | 2,238 | 950 | 318 | 207 | -54.8% |
| Italy | 22.0 | 17.7 | 13.8 | 129 | 80.3% |
| Poland | 200 | 31.8 | 109 | 118 | -16.1% |
| Slovenia | 90.7 | 129 | 2,870 | 62.8 | -11.5% |
| Others | 2,194 | 1,124 | 1,546 | 1,777 | -6.8% |
| Total | 9,401 | 7,088 | 10,090 | 7,204 | -8.5% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Portugal in 2022:
- Spain (244.4 tons)
- Angola (57.1 tons)
- Greece (43.2 tons)
- France (41.2 tons)
- Italy (23.2 tons)
- Romania (22.4 tons)
- Netherlands (21.9 tons)
- Poland (13.1 tons)
- Switzerland (12.1 tons)
- Slovenia (8.1 tons)
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