Portugal: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Portugal

In 2022, the Portuguese market for salted, dried or smoked meat, and offal increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. The market value 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. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Salted, Dried or Smoked Meat, and Offal in Portugal

In value terms, production of salted, dried or smoked meat, and offal dropped to $X in 2022 estimated in export price. Overall, production showed a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Portugal

In 2022, shipments abroad of salted, dried or smoked meat, and offal increased by X% to X tons, rising for the second year in a row after six years of decline. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of salted, dried or smoked meat, and offal reduced to $X in 2022. In general, exports, however, saw a pronounced curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for exports of salted, dried or smoked meat, and offal from Portugal, with a X% share of total exports. Moreover, exports of salted, dried or smoked meat, and offal to Spain exceeded the volume sent to the second major destination, France (X tons), twofold. 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 totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Angola (X% per year).

In value terms, Spain ($X), France ($X) and Angola ($X) were the largest markets for salted, dried or smoked meat, and offal exported from Portugal worldwide, with a combined X% share of total exports. Germany, Luxembourg, Japan, the UK, Belgium, Cabo Verde, Brazil and Mozambique lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 export price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Cabo Verde ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Portugal

In 2022, imports of salted, dried or smoked meat, and offal into Portugal soared to X tons, rising by X% compared with the year before. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of salted, dried or smoked meat, and offal expanded sharply to $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) was the main supplier of salted, dried or smoked meat, and offal to Portugal, with a X% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

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

In value terms, Spain ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Portugal, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

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

Import Prices by Country

The average import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :