Portugal: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Portugal

In 2021, the Portuguese breakfast cereal market decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Breakfast Cereal Production in Portugal

In value terms, breakfast cereal production declined to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Breakfast cereal production peaked at $X in 2020, and then dropped in the following year.

Breakfast Cereal Exports

Exports from Portugal

In 2021, the amount of breakfast cereals exported from Portugal surged to X tons, growing by X% compared with the year before. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, breakfast cereal exports surged to $X in 2021. Over the period under review, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons) was the main destination for breakfast cereal exports from Portugal, accounting for a X% share of total exports. Moreover, breakfast cereal exports to Spain exceeded the volume sent to the second major destination, Israel (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+X% per year) and Saudi Arabia (+X% per year).

In value terms, Spain ($X) remains the key foreign market for breakfast cereal exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+X% per year) and Saudi Arabia (+X% per year).

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Libya ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Portugal

In 2021, the amount of breakfast cereals imported into Portugal rose significantly to X tons, surging by X% on the previous year. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, breakfast cereal imports reached $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main suppliers of breakfast cereal imports to Portugal, together accounting for X% of total imports. Poland and Belgium lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of breakfast cereal to Portugal, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Germany (+X% per year).

Import Prices by Country

In 2021, the average breakfast cereal import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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