Portugal: Tomato Puree Market 2022

Tomato Puree Market Size in Portugal

The Portuguese tomato puree market rose significantly to $X in 2020, surging by X% against the previous year. Over the period under review, consumption, however, showed a slight reduction. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

Tomato Puree Production in Portugal

In value terms, tomato puree production soared to $X in 2020 estimated in export prices. Overall, the total production indicated a strong increase from 2007 to 2020: its value increased 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. Based on 2020 figures, production increased by +X% against 2015 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Tomato Puree Exports

Exports from Portugal

Tomato puree exports from Portugal surged to X tonnes in 2020, with an increase of X% compared with 2019 figures. Overall, total exports indicated a noticeable increase from 2007 to 2020: its volume 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, exports decreased by -X% against 2018 indices. Over the period under review, exports hit record highs at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, tomato puree exports surged to $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

The UK (X tonnes) was the main destination for tomato puree exports from Portugal, accounting for a X% share of total exports. Moreover, tomato puree exports to the UK exceeded the volume sent to the second major destination, Japan (X tonnes), threefold. The third position in this ranking was occupied by Spain (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Spain (+X% per year).

In value terms, the UK ($X), Japan ($X) and Italy ($X) were the largest markets for tomato puree exported from Portugal worldwide, with a combined X% share of total exports.

Italy 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 puree export price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Japan ($X per tonne), while the average price for exports to Spain ($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 Italy, while the prices for the other major destinations experienced more modest paces of growth.

Tomato Puree Imports

Imports into Portugal

In 2020, after four years of growth, there was significant decline in supplies from abroad of tomato puree and paste, when their volume decreased by -X% to X tonnes. Overall, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2019, and then declined notably in the following year.

In value terms, tomato puree imports declined significantly to $X in 2020. Over the period under review, imports, however, posted a strong expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then shrank sharply in the following year.

Imports by Country

In 2020, Spain (X tonnes) constituted the largest supplier of tomato puree to Portugal, with a X% share of total imports. Moreover, tomato puree imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tonnes), sixfold. Italy (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, 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: China (+X% per year) and Italy (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of tomato puree to Portugal, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average tomato puree import price stood at $X per tonne in 2020, stabilizing at the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Chile ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform