Portugal: Preserved Peas Market 2024

Preserved Peas Market Size in Portugal

The Portuguese preserved peas market expanded modestly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a slight decrease. Preserved peas consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Preserved Peas Production in Portugal

In value terms, preserved peas production reached $X in 2022 estimated in export price. In general, production, however, saw a mild downturn. The growth pace was the most rapid in 2020 with an increase of X%. Preserved peas production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Preserved Peas Exports

Exports from Portugal

In 2022, approx. X tons of preserved peas were exported from Portugal; declining by X% compared with the previous year. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved peas exports fell markedly to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Cabo Verde (X tons) was the main destination for preserved peas exports from Portugal, accounting for a X% share of total exports. Moreover, preserved peas exports to Cabo Verde exceeded the volume sent to the second major destination, Mozambique (X tons), threefold. 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 Cabo Verde stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Angola (X% per year).

In value terms, Cabo Verde ($X) remains the key foreign market for preserved peas exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Mozambique ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cabo Verde totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Angola (X% per year).

Export Prices by Country

In 2022, the average preserved peas export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Guinea-Bissau ($X per ton), while the average price for exports to Sao Tome and Principe ($X per ton) and Angola ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (X%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Peas Imports

Imports into Portugal

In 2022, purchases abroad of preserved peas decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved peas imports fell notably to $X in 2022. Over the period under review, imports saw a deep downturn. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), France (X tons) and Italy (X tons) were the main suppliers of preserved peas imports to Portugal, together accounting for X% of total imports. Germany and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average preserved peas import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then shrank slightly in the following year.

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 the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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