Portugal: Walnut Market 2024

Walnut Market Size in Portugal

The Portuguese walnut market declined markedly to $X in 2022, falling by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Walnut consumption peaked at $X in 2021, and then contracted rapidly in the following year.

Walnut Production in Portugal

In value terms, walnut production declined to $X in 2022 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of walnuts in Portugal declined to X tons per ha in 2022, which is down by X% compared with 2021. In general, the yield recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The walnut yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat 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 walnuts production in Portugal fell modestly to X ha, which is down by X% compared with the previous year's figure. Overall, the harvested area, however, recorded buoyant growth. The growth pace was the most rapid in 2019 with an increase of X%. The walnut harvested area peaked at X ha in 2021, and then fell slightly in the following year.

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Walnut Exports

Exports from Portugal

In 2022, overseas shipments of walnuts increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, walnut exports surged to $X in 2022. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons) was the main destination for walnut exports from Portugal, accounting for a X% share of total exports. Moreover, walnut exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

Export Prices by Country

The average walnut export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood 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 Angola ($X per ton), while the average price for exports to Italy ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Walnut Imports

Imports into Portugal

In 2022, after two years of growth, there was significant decline in supplies from abroad of walnuts, when their volume decreased by X% to X tons. Over the period under review, imports recorded a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, walnut imports shrank remarkably to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Chile (X tons) and France (X tons) were the main suppliers of walnut imports to Portugal, with a combined X% share of total imports. Argentina and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest walnut suppliers to Portugal were Spain ($X), France ($X) and Chile ($X), with a combined X% share of total imports. Argentina and Germany lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Argentina, with a CAGR of X%, 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

In 2022, the average walnut import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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