Portugal: Canned Vegetable Market 2024

Canned Vegetable Market Size in Portugal

After two years of growth, the Portuguese canned vegetable market decreased by -0.3% to $X in 2022. In general, consumption saw a deep slump. Canned vegetable consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Canned Vegetable Production in Portugal

In value terms, canned vegetable production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by 6.5%. Canned vegetable production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Canned Vegetable Exports

Exports from Portugal

In 2022, approx. X tons of canned vegetables were exported from Portugal; growing by 15% against the previous year. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.6% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 16% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, canned vegetable exports rose significantly to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.5% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by 17%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The UK (X tons), Spain (X tons) and the United States (X tons) were the main destinations of canned vegetable exports from Portugal, together comprising 48% of total exports. France, Russia, Germany, Italy, Belgium, the Netherlands, Poland, Sweden, Bulgaria and Cabo Verde lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +66.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned vegetable exported from Portugal were Spain ($X), the UK ($X) and the United States ($X), together comprising 50% of total exports. France, Russia, Germany, Belgium, Italy, Poland, Cabo Verde, the Netherlands, Bulgaria and Sweden lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +65.7%, 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

In 2022, the average canned vegetable export price amounted to $X per ton, declining by -2.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Italy ($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 UK (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Portugal

In 2022, imports of canned vegetables into Portugal was estimated at X tons, therefore, remained relatively stable against 2021 figures. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 29%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, canned vegetable imports expanded significantly to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.4% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 30%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of canned vegetable to Portugal, accounting for a 81% share of total imports. Moreover, canned vegetable imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.3% per year) and France (-5.8% per year).

In value terms, Spain ($X) constituted the largest supplier of canned vegetables to Portugal, comprising 80% of total imports. The second position in the ranking was taken by Germany ($X), with a 4.6% share of total imports. It was followed by Italy, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.6% per year) and Italy (+9.0% per year).

Import Prices by Country

In 2022, the average canned vegetable import price amounted to $X per ton, rising by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 17%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 ($X per ton), while the price for China ($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 (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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