Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Portugal - 2023
Contents:
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Portugal (FOB) - 2023
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Portugal (CIF) - 2023
- Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Portugal
- Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Portugal
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Portugal (FOB) - 2023
In October 2023, the average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $1,273 per ton, increasing by 2.8% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in April 2023 an increase of 11% m-o-m. Over the period under review, the average export prices hit record highs in October 2023.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Japan ($2,272 per ton), while the average price for exports to the UK ($1,113 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Portugal (CIF) - 2023
In October 2023, the average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $1,276 per ton, reducing by -5.1% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in November 2022 an increase of 11% against the previous month. Over the period under review, average import prices reached the maximum at $1,481 per ton in July 2023; however, from August 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($1,781 per ton), while the price for Spain ($1,185 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Portugal
In 2022, after two years of decline, there was significant growth in overseas shipments of vegetables (uncooked or cooked by steaming or boiling in water); frozen, when their volume increased by 9.4% to 90K tons. Overall, exports, however, continue to indicate a mild decline.
In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen rose rapidly to $88M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 43.6 | 43.2 | 38.5 | 44.3 | 0.5% |
| France | 13.0 | 14.9 | 13.6 | 14.7 | 4.2% |
| Spain | 3.8 | 3.0 | 4.7 | 5.5 | 13.1% |
| Brazil | 3.5 | 3.4 | 3.2 | 3.5 | 0.0% |
| Japan | 1.9 | 2.1 | 2.6 | 2.8 | 13.8% |
| Netherlands | 1.3 | 2.1 | 1.6 | 2.3 | 20.9% |
| Germany | 1.2 | 2.1 | 2.3 | 2.3 | 24.2% |
| United States | 2.9 | 2.7 | 1.7 | 2.1 | -10.2% |
| Italy | 1.2 | 1.8 | 1.3 | 1.3 | 2.7% |
| Algeria | 2.1 | 1.8 | 3.3 | 0.9 | -24.6% |
| Others | 8.7 | 8.9 | 8.6 | 8.4 | -1.2% |
| Total | 83.3 | 86.1 | 81.3 | 88.0 | 1.8% |
Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from Portugal in 2022:
- Belgium (46.2K tons)
- France (16.5K tons)
- Spain (6.1K tons)
- Brazil (3.9K tons)
- Germany (2.2K tons)
- Netherlands (2.0K tons)
- United States (2.0K tons)
- Japan (1.8K tons)
- Italy (1.1K tons)
- Algeria (0.9K tons)
Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Portugal
In 2022, purchases abroad of vegetables (uncooked or cooked by steaming or boiling in water); frozen increased by 13% to 68K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen rose rapidly to $70M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 34.2 | 37.9 | 39.1 | 44.0 | 8.8% |
| Belgium | 10.1 | 8.5 | 8.1 | 9.8 | -1.0% |
| France | 4.2 | 3.4 | 4.2 | 8.1 | 24.5% |
| Netherlands | 4.4 | 2.5 | 5.4 | 5.8 | 9.6% |
| United Kingdom | 3.3 | 4.4 | 2.0 | 0.2 | -60.7% |
| Others | 2.6 | 1.7 | 1.7 | 1.7 | -13.2% |
| Total | 58.8 | 58.4 | 60.6 | 69.6 | 5.8% |
Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to Portugal in 2022:
- Spain (45.1K tons)
- Belgium (9.8K tons)
- France (6.4K tons)
- Netherlands (5.3K tons)
- United Kingdom (0.1K tons)
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