Portugal: Market for Starch other than Wheat, Corn or Potato 2024

Market Size for Starch other than Wheat, Corn or Potato in Portugal

The Portuguese market for starch other than wheat, corn or potato rose modestly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption posted a buoyant increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Starch other than Wheat, Corn or Potato in Portugal

In value terms, production of starch other than wheat, corn or potato expanded modestly to $X in 2022 estimated in export price. In general, production enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Starch other than Wheat, Corn or Potato

Exports from Portugal

For the seventh year in a row, Portugal recorded growth in overseas shipments of starch other than wheat, corn or potato, which increased by X% to X tons in 2022. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of starch other than wheat, corn or potato surged to $X in 2022. Overall, exports enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for exports of starch other than wheat, corn or potato from Portugal, accounting for a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to the Netherlands exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. The third position in this ranking was taken by Angola (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Angola (X% per year).

In value terms, the largest markets for starch other than wheat, corn or potato exported from Portugal were the Netherlands ($X), Spain ($X) and Angola ($X), with a combined X% share of total exports. Belgium lagged somewhat behind, accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average export price for starch other than wheat, corn or potato amounted to $X per ton, growing by X% against the previous year. In general, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Starch other than Wheat, Corn or Potato

Imports into Portugal

In 2022, overseas purchases of starch other than wheat, corn or potato decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, showed notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, imports of starch other than wheat, corn or potato stood at $X in 2022. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of starch other than wheat, corn or potato to Portugal, with a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold.

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

In value terms, Brazil ($X) constituted the largest supplier of starch other than wheat, corn or potato to Portugal, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports.

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

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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