Portugal - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVirgin Olive Oil Price in Portugal - 2021
Contents:
- Virgin Olive Oil Price in Portugal (FOB) - 2021
- Virgin Olive Oil Price in Portugal (CIF) - 2021
- Virgin Olive Oil Exports in Portugal
- Virgin Olive Oil Imports in Portugal
Virgin Olive Oil Price in Portugal (FOB) - 2021
In November 2021, the average virgin olive oil export price amounted to $3,753 per ton, dropping by -15.5% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2021 an increase of 7.7% against the previous month. The export price peaked at $4,442 per ton in July 2021; however, from August 2021 to November 2021, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In November 2021, the highest price was recorded for prices to Brazil ($4,948 per ton) and the United States ($4,447 per ton), while the average price for exports to Spain ($3,511 per ton) and Italy ($3,724 per ton) were amongst the lowest.
From November 2020 to November 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Virgin Olive Oil Price in Portugal (CIF) - 2021
The average virgin olive oil import price stood at $3,557 per ton in November 2021, which is down by -3.3% against the previous month. Over the period from November 2020 to November 2021, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in April 2021 when the average import price increased by 11% month-to-month. The import price peaked at $3,676 per ton in October 2021, and then fell slightly in the following month.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From November 2020 to November 2021, the rate of growth in terms of prices for Spain amounted to +2.6% per month.
Virgin Olive Oil Exports in Portugal
In 2022, after three years of growth, there was decline in shipments abroad of virgin olive oil, when their volume decreased by -3.3% to 183K tons. The total export volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 11%.
In value terms, virgin olive oil exports reduced to $644M in 2022. The total export value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of $719M, and then declined in the following year.
Export of Virgin Olive Oil in Portugal (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 178 | 190 | 296 | 262 | 13.8% |
Brazil | 226 | 231 | 208 | 191 | -5.5% |
Italy | 89.6 | 97.2 | 145 | 128 | 12.6% |
France | 14.4 | 11.9 | 13.5 | 11.9 | -6.2% |
United States | 9.6 | 4.9 | 12.7 | 11.2 | 5.3% |
Others | 32.9 | 33.9 | 43.2 | 39.5 | 6.3% |
Total | 550 | 568 | 719 | 644 | 5.4% |
Top Export Markets for Virgin Olive Oil from Portugal in 2022:
- Spain (85.0K tons)
- Brazil (45.4K tons)
- Italy (35.9K tons)
- France (3.3K tons)
- United States (3.1K tons)
Virgin Olive Oil Imports in Portugal
In 2022, the amount of virgin olive oil imported into Portugal expanded to 116K tons, increasing by 2% compared with 2021 figures. The total import volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 27% against the previous year. As a result, imports reached the peak of 118K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, virgin olive oil imports declined to $331M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports reached the peak of $376M, and then fell in the following year.
Import of Virgin Olive Oil in Portugal (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 252 | 279 | 372 | 329 | 9.3% |
Others | 4.2 | 6.5 | 3.8 | 1.4 | -30.7% |
Total | 257 | 285 | 376 | 331 | 8.8% |
Top Suppliers of Virgin Olive Oil to Portugal in 2022:
- Spain (115.1K tons)
This report provides an in-depth analysis of the virgin olive oil 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 261 - Oil of Olives, Virgin
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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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 virgin olive oil market in Portugal.
This report provides an in-depth analysis of the olive oil market in Portugal.
This report provides an in-depth analysis of the refined olive oil market in Portugal.
This report provides an in-depth analysis of the global virgin olive oil market.
This report provides an in-depth analysis of the global olive oil market.
This report provides an in-depth analysis of the global refined olive oil market.
This report provides an in-depth analysis of the virgin olive oil market in Portugal.
This report provides an in-depth analysis of the olive oil market in Portugal.
This report provides an in-depth analysis of the refined olive oil market in Portugal.
This report provides an in-depth analysis of the global virgin olive oil market.
Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
Global virgin olive oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
In 2015, the country with the largest volume of the virgin olive oil output was Spain (X thousand tons), accounting for X% of global production.
Spain continued its dominance in the global olive oil trade. In 2014, Spain exported X thousand tons of olive oil totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total oliv
The olive oil industry, connected, as it is, to a product that has long been acknowledged to contain extraordinary health properties, has always thrived in the countries of the Mediterranean region. The Omega-X monounsaturated fatty acids and antioxida
Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.