Portugal: Almond Market 2025

Almond Market Size in Portugal

The Portuguese almond market dropped notably to $X in 2021, declining by -58.9% against the previous year. Overall, consumption, however, showed buoyant growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Almond Production in Portugal

In value terms, almond production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 195% against the previous year. Almond production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

The average yield of almonds in Portugal rose modestly to X kg per ha in 2021, surging by 4.1% on the previous year's figure. In general, the yield enjoyed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 146% against the previous year. As a result, the yield attained the peak level of X kg per ha. From 2018 to 2021, the growth of the average almond yield remained 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 2021, the almond harvested area in Portugal contracted modestly to X ha, declining by -2.9% on 2020 figures. In general, the harvested area, however, posted resilient growth. The growth pace was the most rapid in 2019 when the harvested area increased by 24% against the previous year. Over the period under review, the harvested area dedicated to almond production reached the maximum at X ha in 2020, and then shrank in the following year.

Almond Exports

Exports from Portugal

Almond exports from Portugal surged to X tons in 2021, growing by 59% on the previous year. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 377%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, almond exports soared to $X in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 464%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons) was the main destination for almond exports from Portugal, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +24.2%.

In value terms, Spain ($X) also remains the key foreign market for almond exports from Portugal.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +32.5%.

Export Prices by Country

The average almond export price stood at $X per ton in 2021, picking up by 2.5% against the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, almond export price increased by +3.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to +6.7% per year.

Almond Imports

Imports into Portugal

In 2021, the amount of almonds imported into Portugal soared to X tons, growing by 29% compared with 2020. Overall, imports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2018 when imports increased by 257%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, almond imports surged to $X in 2021. In general, imports, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2018 with an increase of 136% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) was the main supplier of almond to Portugal, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to -4.1%.

In value terms, Spain ($X) constituted the largest supplier of almond to Portugal.

From 2012 to 2021, the average annual growth rate of value from Spain totaled -4.1%.

Import Prices by Country

The average almond import price stood at $X per ton in 2021, jumping by 26% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; afterwards, it flattened through to 2021.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -0.1% per year.

Source: IndexBox Platform

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