Portugal: Triticale Market 2024

Triticale Market Size in Portugal

In 2022, after two years of growth, there was significant decline in the Portuguese triticale market, when its value decreased by X% to $X. In general, consumption, however, posted a buoyant expansion. Triticale consumption peaked at $X in 2021, and then reduced remarkably in the following year.

Triticale Production in Portugal

In value terms, triticale production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

In 2022, the average triticale yield in Portugal reached X tons per ha, leveling off at the previous year's figure. In general, the yield indicated prominent growth from 2012 to 2022: its figure 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, triticale yield increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The triticale yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the 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 triticale production in Portugal declined to X ha, almost unchanged from the previous year. Over the period under review, the harvested area showed a perceptible setback. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the triticale harvested area remained at a lower figure.

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Triticale Exports

Exports from Portugal

In 2022, overseas shipments of triticale decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, triticale exports dropped remarkably to $X in 2022. In general, exports saw a sharp downturn. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for triticale exports from Portugal, accounting for a X% share of total exports. It was followed by Spain (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at X%.

In value terms, Italy ($X) emerged as the key foreign market for triticale exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to X%.

Export Prices by Country

The average triticale export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Italy totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%).

Triticale Imports

Imports into Portugal

In 2022, purchases abroad of triticale decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then declined sharply in the following year.

In value terms, triticale imports declined sharply to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of triticale to Portugal, accounting for a X% share of total imports. Moreover, triticale imports from Poland exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (X% per year) and Spain (X% per year).

In value terms, Poland ($X), Luxembourg ($X) and Spain ($X) constituted the largest triticale suppliers to Portugal, together comprising X% of total imports.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average triticale import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a abrupt slump. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%).

Source: IndexBox Platform

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