Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Portugal - 2023
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Portugal (CIF) - 2023
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Portugal (FOB) - 2023
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Portugal
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Portugal
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Portugal (CIF) - 2023
The average import price for vegetables; potatoes (other than seed), fresh or chilleds stood at $302 per ton in October 2023, shrinking by -5.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in August 2023 an increase of 17% month-to-month. Over the period under review, average import prices reached the peak figure at $419 per ton in May 2023; however, from June 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($385 per ton), while the price for Belgium ($208 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Portugal (FOB) - 2023
In October 2023, the average export price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $529 per ton, growing by 9.5% against the previous month. Over the period under review, export price indicated modest growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for vegetables; potatoes (other than seed), fresh or chilleds increased by +32.3% against August 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 32% month-to-month. The export price peaked at $704 per ton in March 2023; however, from April 2023 to October 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Spain ($522 per ton), while the average price for exports to France ($276 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Portugal
In 2022, imports of vegetables; potatoes (other than seed), fresh or chilleds into Portugal surged to 433K tons, growing by 26% against the year before. The total import volume increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds soared to $112M in 2022. In general, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 49.9 | 40.4 | 36.2 | 55.5 | 3.6% |
| Spain | 40.6 | 33.2 | 33.8 | 48.3 | 6.0% |
| Netherlands | 4.1 | 1.6 | 3.8 | 4.8 | 5.4% |
| Belgium | 0.8 | 0.1 | 0.4 | 2.6 | 48.1% |
| Others | 3.0 | 1.3 | 0.7 | 0.4 | -48.9% |
| Total | 98.5 | 76.6 | 74.9 | 112 | 4.4% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Portugal in 2022:
- France (219.7K tons)
- Spain (189.2K tons)
- Netherlands (13.4K tons)
- Belgium (10.1K tons)
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Portugal
In 2022, the amount of vegetables; potatoes (other than seed), fresh or chilleds exported from Portugal surged to 57K tons, with an increase of 22% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a pronounced setback.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds contracted slightly to $19M in 2022. Overall, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 27%.
| Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 11.8 | 6.3 | 8.5 | 12.1 | 0.8% |
| France | 7.4 | 4.9 | 5.7 | 3.8 | -19.9% |
| Cabo Verde | 1.4 | 0.8 | 0.9 | 1.4 | 0.0% |
| Czech Republic | 0.5 | 0.5 | 0.7 | 0.6 | 6.3% |
| Netherlands | 1.9 | 1.5 | 2.2 | 0.5 | -35.9% |
| Germany | 2.8 | 0.7 | 0.5 | 0.4 | -47.7% |
| Others | 1.8 | 0.8 | 1.2 | 0.7 | -27.0% |
| Total | 27.6 | 15.6 | 19.8 | 19.5 | -10.9% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Portugal in 2022:
- Spain (38.5K tons)
- France (9.2K tons)
- Cabo Verde (4.5K tons)
- Czech Republic (1.4K tons)
- Germany (1.1K tons)
- Netherlands (1.0K tons)
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