Report Update: May 1, 2024

Portugal - Cereal Grain Products (Including Corn Flakes) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Corn Flakes and Cereal Products in Portugal - 2023

Price for Corn Flakes and Cereal Products in Portugal (CIF) - 2023

In July 2023, the average import price for cereal grain products (including corn flakes) amounted to $2,573 per ton, leveling off at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 10% month-to-month. The import price peaked at $2,744 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($3,629 per ton), while the price for the UK ($1,013 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Corn Flakes and Cereal Products in Portugal (FOB) - 2023

The average export price for cereal grain products (including corn flakes) stood at $2,768 per ton in July 2023, declining by -5.7% against the previous month. Over the period under review, export price indicated temperate growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, corn flakes and cereal products export price increased by +8.1% against May 2023 indices. The most prominent rate of growth was recorded in November 2022 an increase of 64% against the previous month. The export price peaked at $2,961 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($4,066 per ton), while the average price for exports to Spain ($1,862 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 Israel (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Corn Flakes and Cereal Products in Portugal

In 2022, the amount of cereal grain products (including corn flakes) imported into Portugal rose markedly to 44K tons, picking up by 9.9% compared with the previous year. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 11%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, corn flakes and cereal products imports reached $84M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 8.2%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Corn Flakes and Cereal Products in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	38.8	36.9	39.7	44.7	4.8%
France	13.6	14.2	13.9	10.3	-8.8%
Germany	9.1	9.6	9.9	10.1	3.5%
Poland	2.8	4.3	5.1	4.7	18.8%
Belgium	3.6	3.5	2.9	3.3	-2.9%
Netherlands	1.3	0.9	1.2	1.9	13.5%
Finland	0.8	1.1	1.5	1.4	20.5%
United Kingdom	3.2	2.3	1.9	1.4	-24.1%
Brazil	0.4	0.4	0.4	0.7	20.5%
Others	3.1	3.7	6.7	5.4	20.3%
Total	76.7	76.9	83.2	83.9	3.0%

Top Suppliers of Corn Flakes and Cereal Products to Portugal in 2022:

Spain (25.5K tons)
France (4.6K tons)
Germany (4.6K tons)
Finland (1.4K tons)
Belgium (1.4K tons)
Poland (1.3K tons)
United Kingdom (1.3K tons)
Netherlands (1.1K tons)
Brazil (0.7K tons)

Exports of Corn Flakes and Cereal Products in Portugal

In 2022, corn flakes and cereal products exports from Portugal expanded markedly to 21K tons, picking up by 5.7% on the previous year's figure. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 11%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, corn flakes and cereal products exports rose modestly to $47M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Export of Corn Flakes and Cereal Products in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	14.9	16.0	13.2	14.2	-1.6%
Saudi Arabia	0.4	3.6	5.2	5.2	135.1%
Angola	4.5	3.4	3.4	4.4	-0.7%
Israel	0.6	2.5	5.3	4.0	88.2%
France	2.4	1.5	1.5	3.5	13.4%
Cabo Verde	1.0	1.3	1.3	1.7	19.3%
Poland	0.1	0.3	1.5	1.2	128.9%
United Kingdom	0.8	0.6	1.3	1.2	14.5%
Germany	N/A	0.1	1.6	1.0	216.2%
South Africa	0.5	0.9	0.7	0.9	21.6%
Others	4.9	5.5	10.5	9.3	23.8%
Total	30.1	35.6	45.6	46.7	15.8%

Top Export Markets for Corn Flakes and Cereal Products from Portugal in 2022:

Spain (8.9K tons)
Saudi Arabia (2.0K tons)
Israel (1.9K tons)
Angola (1.8K tons)
France (1.4K tons)
Cabo Verde (0.7K tons)
United Kingdom (0.5K tons)
South Africa (0.4K tons)
Germany (0.4K tons)
Poland (0.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for corn flakes and cereal products 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:

Prodcom 10613333 - Rolled, flaked, hulled, pearled, sliced or kibbled cereal grains (excluding rice)
Prodcom 10613335 - Germ of cereals, whole, rolled, flaked or ground (excluding rice)
Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023