Portugal - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Portugal - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights

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Price for Yoghurt and Fermented Milk in Portugal - 2023

Contents:

  1. Price for Yoghurt and Fermented Milk in Portugal (CIF) - 2023
  2. Price for Yoghurt and Fermented Milk in Portugal (FOB) - 2023
  3. Imports of Yoghurt and Fermented Milk in Portugal
  4. Exports of Yoghurt and Fermented Milk in Portugal

Price for Yoghurt and Fermented Milk in Portugal (CIF) - 2023

In June 2023, the average yoghurt and fermented milk import price amounted to $1,826 per ton, declining by -2.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 9.1% m-o-m. The import price peaked at $1,884 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Czech Republic ($2,959 per ton), while the price for Spain ($1,741 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 the Czech Republic (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yoghurt and Fermented Milk in Portugal (FOB) - 2023

In June 2023, the average yoghurt and fermented milk export price amounted to $1,884 per ton, rising by 2.3% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 7.8% m-o-m. Over the period under review, the average export prices hit record highs at $1,946 per ton in April 2023; afterwards, it flattened through to June 2023.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Guinea-Bissau ($2,941 per ton), while the average price for exports to Spain ($1,704 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 Guinea-Bissau (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yoghurt and Fermented Milk in Portugal

In 2022, purchases abroad of yoghurt and fermented milk increased by 0.7% to 134K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, yoghurt and fermented milk imports rose slightly to $199M in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat 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 Yoghurt and Fermented Milk in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain1251301301362.9%
Germany33.631.029.631.3-2.3%
France20.216.415.615.2-9.0%
Others8.510.318.117.026.0%
Total1871871931992.1%

Top Suppliers of Yoghurt and Fermented Milk to Portugal in 2022:

  1. Spain (97.4K tons)
  2. Germany (17.9K tons)
  3. France (9.4K tons)

Exports of Yoghurt and Fermented Milk in Portugal

In 2022, the amount of yoghurt and fermented milk exported from Portugal rose modestly to 37K tons, increasing by 3.1% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 10% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, yoghurt and fermented milk exports skyrocketed to $59M in 2022. The total export value increased at an average annual rate of +10.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Yoghurt and Fermented Milk in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain26.830.534.542.716.8%
Angola9.54.74.36.0-14.2%
Cabo Verde2.02.32.92.710.5%
Poland1.51.21.71.4-2.3%
Guinea-Bissau0.90.81.10.90.0%
Others3.03.15.84.917.8%
Total43.642.650.258.610.4%

Top Export Markets for Yoghurt and Fermented Milk from Portugal in 2022:

  1. Spain (29.7K tons)
  2. Angola (2.9K tons)
  3. Cabo Verde (1.5K tons)
  4. Poland (0.6K tons)
  5. Guinea-Bissau (0.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for yoghurt and fermented milk 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 891 - Yoghurt
  • FCL 892 - Yoghurt, Concentrated or Unconcent
  • FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
  • FCL 899 - Dry Buttermilk

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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