Starches; Inulin Price in Portugal - 2023
Contents:
- Starches; Inulin Price in Portugal (CIF) - 2023
- Starches; Inulin Price in Portugal (FOB) - 2023
- Starches; Inulin Imports in Portugal
- Starches; Inulin Exports in Portugal
Starches; Inulin Price in Portugal (CIF) - 2023
In August 2023, the average starches; inulin import price amounted to $990 per ton, rising by 4.4% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 8.7% m-o-m. The import price peaked at $1,131 per ton in March 2023; however, from April 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Belgium ($2,392 per ton), while the price for Romania ($498 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Portugal (FOB) - 2023
In August 2023, the average starches; inulin export price amounted to $654 per ton, shrinking by -2.1% against the previous month. Over the period under review, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 18% m-o-m. Over the period under review, the average export prices reached the maximum at $992 per ton in January 2023; however, from February 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Spain ($658 per ton), while the average price for exports to the Netherlands ($244 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.6%), while the prices for the other major destinations experienced a decline.
Starches; Inulin Imports in Portugal
In 2022, imports of starches; inulins into Portugal surged to 70K tons, with an increase of 28% against the previous year. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin imports soared to $67M in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 23.4 | 20.6 | 24.8 | 41.7 | 21.2% |
| Romania | N/A | N/A | N/A | 6.2 | 0% |
| Netherlands | 2.0 | 1.9 | 1.9 | 4.5 | 31.0% |
| Israel | 1.6 | 0.2 | 1.4 | 3.8 | 33.4% |
| Belgium | 1.3 | 1.5 | 1.8 | 2.3 | 20.9% |
| Denmark | 0.2 | 0.7 | 0.9 | 1.6 | 100.0% |
| Turkey | N/A | N/A | N/A | 1.1 | 0% |
| Others | 2.2 | 2.6 | 3.6 | 5.8 | 38.1% |
| Total | 30.8 | 27.5 | 34.5 | 67.0 | 29.6% |
Top Suppliers of Starches; Inulin to Portugal in 2022:
- Spain (44.9K tons)
- Romania (7.2K tons)
- Netherlands (5.2K tons)
- Israel (4.4K tons)
- Belgium (1.7K tons)
- Denmark (1.6K tons)
- Turkey (1.3K tons)
Starches; Inulin Exports in Portugal
In 2022, approx. 21K tons of starches; inulins were exported from Portugal; with a decrease of -3% on 2021 figures. Overall, exports showed a abrupt contraction.
In value terms, starches; inulin exports surged to $17M in 2022. In general, exports, however, saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Starches; Inulin in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 8.8 | 7.9 | 8.1 | 15.5 | 20.8% |
| Angola | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| United Kingdom | 0.5 | 0.4 | 0.1 | 0.3 | -15.7% |
| Netherlands | 0.1 | 0.3 | 0.3 | 0.2 | 26.0% |
| Others | 0.7 | 0.4 | 0.8 | 0.6 | -5.0% |
| Total | 10.5 | 9.3 | 9.7 | 17.1 | 17.7% |
Top Export Markets for Starches; Inulin from Portugal in 2022:
- Spain (18.3K tons)
- Netherlands (0.9K tons)
- United Kingdom (0.7K tons)
- Angola (0.4K tons)
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