Portugal: Barley Market 2024

Barley Market Size in Portugal

The Portuguese barley market surged to $X in 2022, rising by 22% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.9% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Barley Production in Portugal

In value terms, barley production reduced to $X in 2022 estimated in export price. In general, production showed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 46% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of barley in Portugal totaled X tons per ha in 2022, increasing by 4.5% on the previous year's figure. Over the period under review, the yield enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 55% against the previous year. The barley yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of barley were harvested in Portugal; increasing by 7.4% on 2021. In general, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 23% against the previous year. The barley harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Barley Exports

Exports from Portugal

In 2022, shipments abroad of barley increased by 590% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports showed a resilient increase. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, barley exports soared to $X in 2022. Overall, exports recorded a prominent expansion. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +17.4%.

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

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +19.2%.

Export Prices by Country

The average barley export price stood at $X per ton in 2022, with an increase of 19% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barley export price increased by +69.8% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +1.5% per year.

Barley Imports

Imports into Portugal

In 2022, imports of barley into Portugal expanded markedly to X tons, surging by 5.6% on the previous year. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.0% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 57% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, barley imports skyrocketed to $X in 2022. In general, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the UK (X tons) and France (X tons) were the main suppliers of barley imports to Portugal, together comprising 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +44.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest barley suppliers to Portugal were Germany ($X), the UK ($X) and France ($X), together comprising 78% of total imports.

Among the main suppliers, Germany, with a CAGR of +48.4%, 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 more modest paces of growth.

Import Prices by Country

The average barley import price stood at $X per ton in 2022, rising by 31% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barley import price increased by +83.3% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and France ($X per ton), while the price for Germany ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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