Portugal - Garlic - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGarlic Price in Portugal - 2023
Contents:
- Garlic Price in Portugal (CIF) - 2023
- Garlic Price in Portugal (FOB) - 2023
- Garlic Imports in Portugal
- Garlic Exports in Portugal
Garlic Price in Portugal (CIF) - 2023
The average garlic import price stood at $2,104 per ton in June 2023, falling by -6.5% against the previous month. Over the period under review, import price indicated a slight expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, garlic import price increased by +20.7% against March 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 32% month-to-month. Over the period under review, average import prices attained the maximum at $2,250 per ton in May 2023, and then dropped in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Spain ($2,083 per ton), while the price for Belgium stood at $2,023 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.8%).
Garlic Price in Portugal (FOB) - 2023
In June 2023, the average garlic export price amounted to $581 per ton, which is down by -74.1% against the previous month. Overall, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 223% m-o-m. As a result, the export price reached the peak level of $3,012 per ton. From January 2023 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($1,378 per ton), while the average price for exports to France ($255 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.
Garlic Imports in Portugal
In 2022, garlic imports into Portugal reduced to 12K tons, shrinking by -6.6% on the previous year. Over the period under review, imports recorded a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 1.2%.
In value terms, garlic imports fell markedly to $20M in 2022. Overall, imports, however, saw a modest increase. The most prominent rate of growth was recorded in 2020 when imports increased by 17%.
| Import of Garlic in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 16.4 | 20.6 | 24.5 | 18.2 | 3.5% |
| Belgium | 1.2 | 0.5 | 0.4 | 0.6 | -20.6% |
| Poland | 0.3 | 0.5 | N/A | 0.5 | 18.6% |
| Germany | 0.7 | 0.2 | 0.2 | 0.3 | -24.6% |
| Others | 0.5 | 0.4 | 0.2 | 0.1 | -41.5% |
| Total | 19.0 | 22.2 | 25.2 | 19.6 | 1.0% |
Top Suppliers of Garlic to Portugal in 2022:
- Spain (10.7K tons)
- Belgium (0.6K tons)
- Poland (0.4K tons)
- Germany (0.1K tons)
Garlic Exports in Portugal
For the third year in a row, Portugal recorded decline in overseas shipments of garlic, which decreased by -77.2% to 338 tons in 2022. In general, exports saw a sharp reduction. The smallest decline of -3.1% was in 2021.
In value terms, garlic exports fell markedly to $467K in 2022. Overall, exports saw a precipitous slump. The smallest decline of -16.4% was in 2021.
| Export of Garlic in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,729 | 1,631 | 1,042 | 188 | -52.3% |
| France | 147 | 312 | 126 | 111 | -8.9% |
| Cabo Verde | 127 | 148 | 65.4 | 44.8 | -29.3% |
| Angola | 16.7 | 4.8 | 3.0 | 41.0 | 34.9% |
| Luxembourg | 15.1 | 17.9 | 24.3 | 28.2 | 23.1% |
| Germany | 61.0 | 113 | 271 | 16.9 | -34.8% |
| Italy | 75.7 | 17.9 | 149 | N/A | 40.3% |
| Poland | 1,316 | 3.5 | 61.6 | N/A | -78.4% |
| Others | 41.9 | 49.4 | 177 | 37.6 | -3.5% |
| Total | 3,530 | 2,297 | 1,920 | 467 | -49.0% |
Top Export Markets for Garlic from Portugal in 2022:
- Spain (198.8 tons)
- France (65.6 tons)
- Angola (25.5 tons)
- Cabo Verde (22.2 tons)
- Luxembourg (9.8 tons)
- Germany (5.2 tons)
This report provides an in-depth analysis of the garlic 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 406 - Garlic
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
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