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Portugal - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Price in Portugal - 2023
Contents:
- Sugar Price in Portugal (CIF) - 2022
- Sugar Price in Portugal (FOB) - 2023
- Sugar Imports in Portugal
- Sugar Exports in Portugal
Sugar Price in Portugal (CIF) - 2022
In 2022, the average sugar import price amounted to $457 per ton, increasing by 12% against the previous year. Over the period under review, the import price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. Over the period under review, average import prices attained the peak figure at $703 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($681 per ton), while the price for Mozambique ($346 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+1.2%), while the prices for the other major suppliers experienced a decline.
Sugar Price in Portugal (FOB) - 2023
The average sugar export price stood at $704 per ton in July 2023, approximately mirroring the previous month. Overall, the export price, however, showed a measured expansion. The growth pace was the most rapid in October 2022 when the average export price increased by 62% m-o-m. As a result, the export price attained the peak level of $1,299 per ton. From November 2022 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was France ($1,544 per ton), while the average price for exports to Poland ($410 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.
Sugar Imports in Portugal
In 2022, approx. 394K tons of sugar were imported into Portugal; growing by 23% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sugar imports skyrocketed to $180M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.7% 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 +71.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Sugar in Portugal (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 17.1 | 11.4 | 66.6 | 83.6 | 69.7% |
Cuba | 16.2 | 32.3 | 26.7 | 27.1 | 18.7% |
France | 19.9 | 6.4 | 14.4 | 26.3 | 9.7% |
South Africa | 1.8 | N/A | N/A | 14.9 | 102.3% |
Swaziland | 31.3 | 15.6 | N/A | 13.2 | -25.0% |
Mozambique | 8.9 | 9.1 | N/A | 5.5 | -14.8% |
Spain | 1.0 | 1.9 | 3.1 | 4.8 | 68.7% |
Belize | 1.1 | 18.2 | 6.6 | 2.6 | 33.2% |
Nicaragua | N/A | N/A | 10.4 | N/A | 0% |
Others | 7.5 | 19.6 | 2.1 | 1.8 | -37.9% |
Total | 105 | 114 | 130 | 180 | 19.7% |
Top Suppliers of Sugar to Portugal in 2022:
- Brazil (171.6K tons)
- France (62.0K tons)
- Cuba (59.9K tons)
- Swaziland (38.2K tons)
- South Africa (33.0K tons)
- Mozambique (15.8K tons)
- Spain (7.1K tons)
- Belize (4.0K tons)
Sugar Exports in Portugal
In 2022, after three years of growth, there was significant decline in overseas shipments of sugar, when their volume decreased by -47.3% to 48K tons. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 155%. As a result, the exports attained the peak of 91K tons, and then dropped notably in the following year.
In value terms, sugar exports reduced markedly to $21M in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 331%. As a result, the exports attained the peak of $47M, and then dropped notably in the following year.
Export of Sugar in Portugal (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | N/A | N/A | 13.5 | 14.9 | 10.4% |
Poland | N/A | N/A | 33.9 | 6.0 | -82.3% |
Others | 6.2 | 11.0 | 0.1 | 0.2 | -68.2% |
Total | 6.2 | 11.0 | 47.5 | 21.2 | 50.7% |
Top Export Markets for Sugar from Portugal in 2022:
- Spain (31.6K tons)
- Poland (16.0K tons)
This report provides an in-depth analysis of the sugar market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 162 - Sugar, Raw Centrifugal
- FCL 163 - Sugar, Non-Centrifugal
Country coverage:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the sugar market in Portugal.
This report provides an in-depth analysis of the raw cane sugar market in Portugal.
This report provides an in-depth analysis of the market for flavoured refined cane sugar in Portugal.
This report provides an in-depth analysis of the refined cane sugar market in Portugal.
This report provides an in-depth analysis of the market for refined white cane sugar in Portugal.
This report provides an in-depth analysis of the global sugar market.
Global Raw Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global raw cane sugar market.
Global Flavoured Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for flavoured refined cane sugar.
Global Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global refined cane sugar market.
Global Refined White Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for refined white cane sugar.
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