Portugal: Dry Peas Market 2022

Dry Peas Market Size in Portugal

The Portuguese dry peas market dropped to $X in 2021, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a pronounced downturn. Dry peas consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Dry Peas Exports

Exports from Portugal

In 2021, approx. X tonnes of peas (dry) were exported from Portugal; with an increase of X% against the year before. Over the period under review, exports enjoyed a significant increase. The exports peaked at X tonnes in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, dry peas exports skyrocketed to $X in 2021. Overall, exports showed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tonnes), Turkey (X tonnes) and Italy (X tonnes) were the main destinations of dry peas exports from Portugal, together accounting for X% of total exports. These countries were followed by France and Belgium, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (+X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Spain ($X) were the largest markets for dry peas exported from Portugal worldwide, together accounting for X% of total exports. These countries were followed by France and Belgium, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dry peas export price stood at $X per tonne in 2021, with a decrease of -X% against the previous year. In general, the export price showed a abrupt setback. The growth pace was the most rapid in 2016 when the average export price increased by X% year-to-year. Over the period under review, the average export prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced a decline.

Dry Peas Imports

Imports into Portugal

Dry peas imports into Portugal stood at X tonnes in 2021, approximately reflecting 2020 figures. Overall, imports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, dry peas imports expanded slightly to $X in 2021. Over the period under review, imports, however, showed a mild shrinkage. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tonnes) constituted the largest supplier of dry peas to Portugal, accounting for a X% share of total imports. Moreover, dry peas imports from Spain exceeded the figures recorded by the second-largest supplier, Argentina (X tonnes), fourfold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and France (-X% per year).

In value terms, Spain ($X) constituted the largest supplier of dry peas to Portugal, comprising X% of total imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and France (-X% per year).

Import Prices by Country

The average dry peas import price stood at $X per tonne in 2021, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform