Portugal: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Portugal

In 2022, the Portuguese chocolate and confectionery market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Chocolate And Confectionery Production in Portugal

In value terms, chocolate and confectionery production skyrocketed to $X in 2022 estimated in export price. In general, production showed a notable expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Chocolate And Confectionery Exports

Exports from Portugal

For the seventh year in a row, Portugal recorded growth in overseas shipments of chocolate and confectionery, which increased by X% to X tons in 2022. In general, exports posted a prominent increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, chocolate and confectionery exports rose sharply to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tons) was the main destination for chocolate and confectionery exports from Portugal, accounting for a X% share of total exports. Moreover, chocolate and confectionery exports to Spain exceeded the volume sent to the second major destination, Brazil (X tons), more than tenfold. Angola (X tons) ranked third in terms of total exports 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: Brazil (X% per year) and Angola (X% per year).

In value terms, Spain ($X) remains the key foreign market for chocolate and confectionery exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

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

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, saw a slight setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Spain ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Chocolate And Confectionery Imports

Imports into Portugal

After two years of decline, purchases abroad of chocolate and confectionery increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, chocolate and confectionery imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Spain (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of chocolate and confectionery imports to Portugal, with a combined X% share of total imports. France, Belgium, the Netherlands and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to Portugal were Spain ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports. Belgium, France, the Netherlands and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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