Portugal: Tomato Juice Market Overview 2021

Tomato Juice Market Size in Portugal

The Portuguese tomato juice market surged to $X in 2020, with an increase of X% against the previous year. Over the period under review, consumption enjoyed a pronounced expansion. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Tomato Juice Production in Portugal

In value terms, tomato juice production skyrocketed to $X in 2020 estimated in export prices. In general, the total production indicated a moderate expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

Tomato Juice Exports

Exports from Portugal

Tomato juice exports from Portugal reduced rapidly to X tonnes in 2020, shrinking by -X% compared with the year before. In general, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, tomato juice exports declined sharply to $X in 2020. Overall, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Spain (X tonnes), China (X tonnes) and Morocco (X tonnes) were the main destinations of tomato juice exports from Portugal, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco, while exports for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for tomato juice exported from Portugal were China ($X), Spain ($X) and Morocco ($X), together comprising X% of total exports. These countries were followed by Angola, the U.S., Cabo Verde and Democratic Republic of the Congo, which together accounted for a further X Republic of the Congo recorded 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

In 2020, the average tomato juice export price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, export price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, tomato juice export price decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo, while the prices for the other major destinations experienced mixed trend patterns.

Tomato Juice Imports

Imports into Portugal

In 2020, overseas purchases of tomato juice decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

In value terms, tomato juice imports dropped to $X in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

Spain (X tonnes), Germany (X tonnes) and Austria (X tonnes) were the main suppliers of tomato juice imports to Portugal, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Germany, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), Germany ($X) and Austria ($X) were the largest tomato juice suppliers to Portugal, together comprising X% of total imports.

In terms of the main suppliers, Germany saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average tomato juice import price stood at $X per tonne in 2020, leveling off at the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per tonne), while the price for Austria ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tomato juice in the world?

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The countries with the highest volumes of tomato juice consumption in 2020 were India (110K tonnes), Japan (72K tonnes) and Canada (60K tonnes), with a combined 53% share of global consumption.

What are the largest producers of tomato juice in the world?

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The countries with the highest volumes of tomato juice production in 2020 were India (109K tonnes), Japan (68K tonnes) and Canada (61K tonnes), with a combined 53% share of global production.

What are the leading suppliers of tomato juice to Portugal?

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In value terms, Spain ($109K), Germany ($91K) and Austria ($4.6K) were the largest tomato juice suppliers to Portugal, with a combined 97% share of total imports.

What are the leading importers of tomato juice from Portugal?

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In value terms, the largest markets for tomato juice exported from Portugal were China ($3.7K), Spain ($2.4K) and Morocco ($2.2K), together comprising 57% of total exports. Angola, the U.S., Cabo Verde and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 35%.

What is the average export price for tomato juice in Portugal?

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The average tomato juice export price stood at $656 per tonne in 2020, growing by 13% against the previous year.

What is the average import price for tomato juice in Portugal?

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The average tomato juice import price stood at $817 per tonne in 2020, stabilizing at the previous year.