Portugal: Sugar Crop Market 2024

Sugar Crop Market Size in Portugal

The Portuguese sugar crop market totaled $X in 2022, approximately mirroring the previous year. Overall, consumption showed a slight descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar Crop Production in Portugal

In value terms, sugar crop production expanded slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of sugar crops in Portugal reached X tons per ha in 2022, therefore, remained relatively stable against 2021 figures. The yield figure 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the average sugar crop yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sugar crops production in Portugal fell slightly to X ha, flattening at the year before. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. The sugar crop harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Sugar Crop Exports

Exports from Portugal

In 2022, the amount of sugar crops exported from Portugal rose sharply to X tons, growing by X% on the year before. Over the period under review, exports, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sugar crop exports skyrocketed to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Spain (X tons), Algeria (X tons) and the Netherlands (X tons) were the main destinations of sugar crop exports from Portugal, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Spain ($X) remains the key foreign market for sugar crops exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Algeria ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price 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, sugar crop export price increased by X% against 2016 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat 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 the UK ($X per ton), while the average price for exports to Algeria ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Portugal

In 2022, approx. X tons of sugar crops were imported into Portugal; jumping by X% against the previous year's figure. In general, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar crop imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of sugar crop to Portugal, with a X% share of total imports. Moreover, sugar crop imports from India exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Algeria (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Algeria ($X) constituted the largest supplier of sugar crops to Portugal, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

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

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :