Price for Wine; Still, in Containers Holding More than 2 Litres in Portugal - 2023
Contents:
- Price for Wine; Still, in Containers Holding More than 2 Litres in Portugal (CIF) - 2023
- Price for Wine; Still, in Containers Holding More than 2 Litres in Portugal (FOB) - 2023
- Imports of Wine; Still, in Containers Holding More than 2 Litres in Portugal
- Exports of Wine; Still, in Containers Holding More than 2 Litres in Portugal
Price for Wine; Still, in Containers Holding More than 2 Litres in Portugal (CIF) - 2023
In November 2023, the average import price for wine; still, in containers holding more than 2 litreses amounted to $488 per thousand litres, rising by 4.8% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 8.1% month-to-month. Over the period under review, average import prices hit record highs at $526 per thousand litres in March 2023; however, from April 2023 to November 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From November 2022 to November 2023, the rate of growth in terms of prices for Spain amounted to +0.4% per month.
Price for Wine; Still, in Containers Holding More than 2 Litres in Portugal (FOB) - 2023
In November 2023, the average export price for wine; still, in containers holding more than 2 litreses amounted to $1.3 per litre, surging by 2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 13% month-to-month. The export price peaked in November 2023.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Norway ($2.5 per litre), while the average price for exports to Cabo Verde ($316 per thousand litres) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding More than 2 Litres in Portugal
For the fourth consecutive year, Portugal recorded growth in purchases abroad of wine; still, in containers holding more than 2 litreses, which increased by 2.1% to 228M litres in 2022. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of wine; still, in containers holding more than 2 litreses totaled $109M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at $111M in 2020; however, from 2021 to 2022, imports remained at a lower figure.
| Import of Wine; Still, in Containers Holding More than 2 Litres in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 107 | 109 | 104 | 108 | 0.3% |
| Others | 2.5 | 1.6 | 2.6 | 1.0 | -26.3% |
| Total | 110 | 111 | 107 | 109 | -0.3% |
Top Suppliers of Wine; Still, in Containers Holding More than 2 Litres to Portugal in 2022:
- Spain (227.7M litres)
Exports of Wine; Still, in Containers Holding More than 2 Litres in Portugal
After three years of growth, shipments abroad of wine; still, in containers holding more than 2 litreses decreased by -4.1% to 62M litres in 2022. The total export volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 8.9% against the previous year. As a result, the exports attained the peak of 65M litres, and then shrank in the following year.
In value terms, exports of wine; still, in containers holding more than 2 litreses contracted to $76M in 2022. The total export value increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Over the period under review, the exports of reached the peak figure at $80M in 2021, and then dropped in the following year.
| Export of Wine; Still, in Containers Holding More than 2 Litres in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 13.5 | 12.4 | 12.3 | 22.3 | 18.2% |
| Sweden | 4.4 | 9.1 | 12.1 | 10.8 | 34.9% |
| France | 9.2 | 10.9 | 11.9 | 9.8 | 2.1% |
| Germany | 5.8 | 3.9 | 4.2 | 4.1 | -10.9% |
| Norway | 3.6 | 6.4 | 6.7 | 3.7 | 0.9% |
| Finland | 0.3 | 2.9 | 2.9 | 3.5 | 126.8% |
| United States | 2.6 | 3.2 | 5.3 | 2.5 | -1.3% |
| Switzerland | 3.6 | 4.0 | 3.6 | 2.5 | -11.4% |
| Canada | 1.7 | 2.1 | 2.7 | 1.9 | 3.8% |
| Luxembourg | 2.0 | 2.5 | 2.7 | 1.8 | -3.5% |
| Sao Tome and Principe | 1.8 | 2.1 | 2.2 | 1.7 | -1.9% |
| Spain | 0.5 | 1.8 | 2.4 | 1.7 | 50.4% |
| Cabo Verde | 0.9 | 1.0 | 0.9 | 0.6 | -12.6% |
| Others | 8.7 | 8.7 | 10.3 | 8.6 | -0.4% |
| Total | 58.6 | 71.0 | 80.1 | 75.6 | 8.9% |
Top Export Markets for Wine; Still, in Containers Holding More than 2 Litres from Portugal in 2022:
- Angola (20.8M litres)
- France (8.3M litres)
- Sweden (5.2M litres)
- Germany (5.0M litres)
- Spain (3.2M litres)
- Cabo Verde (2.1M litres)
- Switzerland (2.1M litres)
- Sao Tome and Principe (1.9M litres)
- Finland (1.9M litres)
- Luxembourg (1.6M litres)
- Norway (1.6M litres)
- United States (1.5M litres)
- Canada (1.1M litres)
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