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Portugal - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Portugal: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in Portugal

The Portuguese virgin olive oil market soared to $X in 2019, rising by X% against the previous year. Overall, consumption, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2015 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Virgin Olive Oil Production in Portugal

In value terms, virgin olive oil production reduced to $X in 2019 estimated in export prices. Over the period under review, production recorded a strong expansion. The growth pace was the most rapid in 2017 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2018 to 2019, production growth remained at a lower figure.

Virgin Olive Oil Exports

Exports from Portugal

In 2019, overseas shipments of virgin olive oil increased by X% to X tonnes, rising for the third consecutive year after three years of decline. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Exports peaked in 2019 and are likely to continue growth in the near future.

In value terms, virgin olive oil exports contracted dramatically to $X in 2019. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2018, and then contracted significantly in the following year.

Exports by Country

Spain (X tonnes), Brazil (X tonnes) and Italy (X tonnes) were the main destinations of virgin olive oil exports from Portugal, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Italy (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for virgin olive oil exported from Portugal were Brazil ($X), Spain ($X) and Italy ($X), with a combined X% share of total exports.

Among the main countries of destination, Italy (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average virgin olive oil export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Brazil ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced a decline.

Virgin Olive Oil Imports

Imports into Portugal

In 2019, overseas purchases of virgin olive oil increased by X% to X tonnes, rising for the third consecutive year after three years of decline. Over the period under review, total imports indicated strong growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, virgin olive oil imports contracted significantly to $X in 2019. In general, imports enjoyed a perceptible expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2018, and then fell sharply in the following year.

Imports by Country

In 2019, Spain (X tonnes) was the main virgin olive oil supplier to Portugal, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Spain totaled +X%.

In value terms, Spain ($X) constituted the largest supplier of virgin olive oil to Portugal.

From 2007 to 2019, the average annual rate of growth in terms of value from Spain amounted to +X%.

Import Prices by Country

The average virgin olive oil import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Overall, the import price recorded a slight slump. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the rate of growth in terms of prices for Spain amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?
+
The country with the largest volume of virgin olive oil consumption was Spain (1.1M tonnes), accounting for 31% of total volume. Moreover, virgin olive oil consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (542K tonnes), twofold. The U.S. (266K tonnes) ranked third in terms of total consumption with a 7.2% share.
What are the largest producers of virgin olive oil in the world?
+
The country with the largest volume of virgin olive oil production was Spain (1.9M tonnes), accounting for 51% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Greece (329K tonnes), sixfold. The third position in this ranking was occupied by Tunisia (287K tonnes), with a 7.8% share.
What are the leading suppliers of virgin olive oil to Portugal?
+
In value terms, Spain ($252M) constituted the largest supplier of virgin olive oil to Portugal.
What are the leading importers of virgin olive oil from Portugal?
+
In value terms, the largest markets for virgin olive oil exported from Portugal were Brazil ($226M), Spain ($178M) and Italy ($90M), together accounting for 90% of total exports.
What is the average export price for virgin olive oil in Portugal?
+
The average virgin olive oil export price stood at $3,461 per tonne in 2019, waning by -18.9% against the previous year.
What is the average import price for virgin olive oil in Portugal?
+
In 2019, the average virgin olive oil import price amounted to $2,758 per tonne, shrinking by -26.9% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil market 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 2025.


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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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