Portugal: Brazil Nut Market 2022

Brazil Nut Market Size in Portugal

After two years of growth, the Portuguese brazil nut market decreased by -X% to $X in 2020. In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Brazil nut consumption peaked at $X in 2019, and then fell sharply in the following year.

Brazil Nut Exports

Exports from Portugal

In 2020, shipments abroad of brazil nuts decreased by -X% to X kg, falling for the second year in a row after three years of growth. Over the period under review, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, brazil nut exports contracted rapidly to $X in 2020. Overall, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2019, and then declined significantly in the following year.

Exports by Country

Cabo Verde (X kg) and France (X kg) were the main destinations of brazil nut exports from Portugal.

From 2007 to 2020, the biggest increases were in Cabo Verde.

In value terms, Cabo Verde ($X) remains the key foreign market for brazil nut exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Cabo Verde was relatively modest.

Export Prices by Country

In 2020, the average brazil nut export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Cabo Verde ($X per tonne), while the average price for exports to France amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cabo Verde.

Brazil Nut Imports

Imports into Portugal

After two years of decline, overseas purchases of brazil nuts increased by X% to X tonnes in 2020. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, brazil nut imports soared to $X in 2020. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Spain (X tonnes) was the main brazil nut supplier to Portugal, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Spain amounted to +X%.

In value terms, Spain ($X) constituted the largest supplier of brazil nut to Portugal.

From 2007 to 2020, the average annual growth rate of value from Spain amounted to +X%.

Import Prices by Country

In 2020, the average brazil nut import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the import price, however, recorded slight growth. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2019, and then shrank markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2007 to 2020, the rate of growth in terms of prices for Spain amounted to -X% per year.

Source: IndexBox Platform