Portugal: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in Portugal

The Portuguese cherry and sour cherry market shrank sharply to $X in 2022, reducing by X% against the previous year. In general, consumption, however, saw a modest increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Cherries and Sour Cherries in Portugal

In value terms, cherry and sour cherry production contracted markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of X%. Cherry and sour cherry production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

In 2022, the average cherry and sour cherry yield in Portugal shrank sharply to X tons per ha, which is down by X% on the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The cherry and sour cherry yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cherries and sour cherries in Portugal dropped modestly to X ha, remaining relatively unchanged against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2019 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha; afterwards, it flattened through to 2022.

Exports of Cherries and Sour Cherries

Exports from Portugal

In 2022, after three years of growth, there was significant decline in shipments abroad of cherries and sour cherries, when their volume decreased by X% to X tons. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank sharply in the following year.

In value terms, cherry and sour cherry exports fell to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Spain (X tons) was the main destination for cherry and sour cherry exports from Portugal, accounting for a X% share of total exports. Moreover, cherry and sour cherry exports to Spain exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Belgium (X% per year).

In value terms, Spain ($X) remains the key foreign market for cherries and sour cherries exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by France ($X), with an X% share of total exports. It was followed by Luxembourg, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Luxembourg (X% per year).

Export Prices by Country

The average cherry and sour cherry export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cherries and Sour Cherries

Imports into Portugal

In 2022, the amount of cherries and sour cherries imported into Portugal contracted to X tons, waning by X% against 2021 figures. Over the period under review, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cherry and sour cherry imports declined significantly to $X in 2022. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) was the main supplier of cherry and sour cherry to Portugal, with a X% share of total imports. It was followed by Germany (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled X%.

In value terms, Spain ($X) constituted the largest supplier of cherries and sour cherries to Portugal, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at X%.

Import Prices by Country

In 2022, the average cherry and sour cherry import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%).

Source: IndexBox Platform

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