Price for Pectic Substances; Pectinates and Pectates in Portugal - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Portugal (CIF) - 2023
2. Price for Pectic Substances; Pectinates and Pectates in Portugal (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Portugal
4. Exports of Pectic Substances; Pectinates and Pectates in Portugal

Price for Pectic Substances; Pectinates and Pectates in Portugal (CIF) - 2023

In June 2023, the average import price for pectic substances; pectinates and pectateses amounted to $16,066 per ton, falling by -12.8% against the previous month. Over the period under review, the import price, however, continues to indicate a moderate expansion. The pace of growth appeared the most rapid in January 2023 an increase of 314% m-o-m. Over the period under review, average import prices hit record highs at $22,663 per ton in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($29,805 per ton), while the price for Spain ($13,401 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Denmark (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Portugal (FOB) - 2022

The average export price for pectic substances; pectinates and pectateses stood at $7,079 per ton in 2022, dropping by -48.1% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2021 an increase of 103% against the previous year. Over the period under review, the average export prices reached the maximum at $22,266 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($24,070 per ton), while the average price for exports to Spain ($3,114 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pectic Substances; Pectinates and Pectates in Portugal

For the fourth year in a row, Portugal recorded growth in overseas purchases of pectic substances; pectinates and pectateses, which increased by 11% to 193 tons in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 21%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, pectic substances; pectinates and pectates imports declined to $2.5M in 2022. The total import value increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 28%. As a result, imports attained the peak of $2.7M, and then reduced in the following year.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Portugal in 2022:

1. Spain (123.7 tons)
2. Denmark (48.2 tons)
3. Germany (12.1 tons)
4. Morocco (3.5 tons)

Exports of Pectic Substances; Pectinates and Pectates in Portugal

In 2022, the amount of pectic substances; pectinates and pectateses exported from Portugal surged to 34 tons, jumping by 85% compared with the previous year. Over the period under review, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pectic substances; pectinates and pectates exports contracted modestly to $242K in 2022. In general, exports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 173% against the previous year.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Portugal in 2022:

1. Spain (23.0 tons)
2. France (9.0 tons)
3. Morocco (2.0 tons)
4. Angola (0.1 tons)

Source: IndexBox Market Intelligence Platform