Portugal: Brazil Nut Market 2024

Brazil Nut Market Size in Portugal

In 2022, the Portuguese brazil nut market was finally on the rise to reach $X after two years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Brazil Nut Production in Portugal

In value terms, brazil nut production stood at $X in 2022 estimated in export price. In general, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average yield of brazil nuts in Portugal totaled less than X kg per ha, almost unchanged from the previous year. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The brazil nut harvested area in Portugal amounted to less than X ha in 2022, approximately reflecting the year before. Overall, the harvested area saw a relatively flat trend pattern.

Brazil Nut Exports

Exports from Portugal

In 2022, exports of brazil nuts from Portugal reduced markedly to X kg, with a decrease of X% compared with the year before. Over the period under review, exports faced a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, brazil nut exports dropped rapidly to $X in 2022. Overall, exports showed a sharp slump. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Cabo Verde (X kg), Switzerland (X kg) and Mozambique (X kg) were the main destinations of brazil nut exports from Portugal.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cabo Verde ($X) emerged as the key foreign market for brazil nuts exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Cabo Verde stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Mozambique (X% per year).

Export Prices by Country

The average brazil nut export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price saw a buoyant expansion. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (X%), while the prices for the other major destinations experienced a decline.

Brazil Nut Imports

Imports into Portugal

In 2022, after two years of growth, there was significant decline in supplies from abroad of brazil nuts, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, brazil nut imports fell remarkably to $X in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest brazil nut supplier to Portugal, accounting for a X% share of total imports. Moreover, brazil nut imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled X%.

In value terms, Spain ($X) constituted the largest supplier of brazil nuts to Portugal, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%.

Import Prices by Country

In 2022, the average brazil nut import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :