Portugal: Beer Market 2024

Beer Market Size in Portugal

The Portuguese beer market contracted to $X in 2022, which is down by -2.4% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Beer Production in Portugal

In value terms, beer production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 12%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Beer Exports

Exports from Portugal

Beer exports from Portugal expanded markedly to X tons in 2022, growing by 5.8% on the previous year's figure. Over the period under review, exports, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 15% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, beer exports stood at $X in 2022. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2017 when exports increased by 18%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for beer exports from Portugal, accounting for a 45% share of total exports. Moreover, beer exports to Spain exceeded the volume sent to the second major destination, France (X tons), fivefold. The third position in this ranking was held by Guinea-Bissau (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.3% per year) and Guinea-Bissau (+8.1% per year).

In value terms, Spain ($X) remains the key foreign market for beer exports from Portugal, comprising 35% of total exports. The second position in the ranking was taken by France ($X), with a 16% share of total exports. It was followed by Switzerland, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.5% per year) and Switzerland (-2.3% per year).

Export Prices by Country

In 2022, the average beer export price amounted to $X per ton, falling by -2.3% against the previous year. Overall, the export price recorded a mild downturn. The pace of growth appeared the most rapid in 2021 an increase of 13% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Equatorial Guinea ($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 Morocco (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Beer Imports

Imports into Portugal

In 2022, approx. X tons of beer were imported into Portugal; with an increase of 15% on 2021 figures. In general, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 34% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, beer imports rose rapidly to $X in 2022. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of beer to Portugal, with a 81% share of total imports. Moreover, beer imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), tenfold. Germany (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+35.2% per year) and Germany (+0.2% per year).

In value terms, Spain ($X) constituted the largest supplier of beer to Portugal, comprising 70% of total imports. The second position in the ranking was held by Belgium ($X), with an 11% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+31.9% per year) and Germany (+1.0% per year).

Import Prices by Country

The average beer import price stood at $X per ton in 2022, shrinking by -2.8% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of 22%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Mexico ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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