Portugal: Confectionery Market 2022

Confectionery Market Size in Portugal

In 2021, the portuguese confectionery market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend.The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period.As a result, consumption reached the peak level of $X. from 2019 to 2021, the growth of the market remained at a lower figure.

Confectionery Production in Portugal

In value terms, confectionery production expanded markedly to $X in 2021 estimated in export price.The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period.The most prominent rate of growth was recorded in 2017 when the production volume increased by X production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Confectionery Exports

Exports from Portugal

In 2021, exports of confectionery from portugal totaled X tons, with an increase of X% compared with 2020.The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.The growth pace was the most rapid in 2017 with an increase of X% against the previous year.The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, confectionery exports skyrocketed to $X in 2021.The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for confectionery exports from Portugal, accounting for a X% share of total exports. Moreover, confectionery exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), eightfold. France (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-X% per year) and France (+X% per year).

In value terms, Spain ($X) remains the key foreign market for confectionery exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-X% per year) and France (+X% per year).

Export Prices by Country

In 2021, the average confectionery export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery Imports

Imports into Portugal

In 2021, imports of confectionery into portugal expanded to X tons, rising by X% on the previous year.The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period.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 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, confectionery imports amounted to $X in 2021.The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period.The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year.Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of confectionery to Portugal, accounting for a X% share of total imports. Moreover, confectionery imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +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, the largest confectionery suppliers to Portugal were Spain ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports. France, belgium, the netherlands and cote d'ivoire lagged somewhat behind, together accounting for a further X terms of the main suppliers, Cote d'Ivoire, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average confectionery import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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