Portugal: Vinegar-Preserved Vegetable Market 2024

Vinegar-Preserved Vegetable Market Size in Portugal

For the third year in a row, the Portuguese vinegar-preserved vegetable market recorded growth in sales value, which increased by 26% to $X in 2022. Over the period under review, consumption, however, saw a slight decline. Vinegar-preserved vegetable consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vinegar-Preserved Vegetable Production in Portugal

In value terms, vinegar-preserved vegetable production soared to $X in 2022 estimated in export price. Overall, production recorded a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 165%. Vinegar-preserved vegetable production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vinegar-Preserved Vegetable Exports

Exports from Portugal

In 2022, overseas shipments of vegetables in vinegar other than potatoes increased by 19% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports saw pronounced growth. The pace of growth was the most pronounced in 2016 with an increase of 59%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinegar-preserved vegetable exports dropped slightly to $X in 2022. Overall, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 31%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for vinegar-preserved vegetable exports from Portugal, with a 47% share of total exports. Moreover, vinegar-preserved vegetable exports to Spain exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Angola (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.2% per year) and Angola (-6.3% per year).

In value terms, Spain ($X) emerged as the key foreign market for vegetables in vinegar other than potatoes exports from Portugal, comprising 39% of total exports. The second position in the ranking was held by France ($X), with an 18% share of total exports. It was followed by Angola, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.4% per year) and Angola (-6.6% per year).

Export Prices by Country

In 2022, the average vinegar-preserved vegetable export price amounted to $X per ton, which is down by -16.3% against the previous year. Overall, the export price saw a slight curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 75% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to the United States ($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 Sao Tome and Principe (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar-Preserved Vegetable Imports

Imports into Portugal

In 2022, approx. X tons of vegetables in vinegar other than potatoes were imported into Portugal; with an increase of 21% on the previous year. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vinegar-preserved vegetable imports soared to $X in 2022. Overall, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 52% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest vinegar-preserved vegetable supplier to Portugal, accounting for a 80% share of total imports. Moreover, vinegar-preserved vegetable imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.1% per year) and Poland (+7.8% per year).

In value terms, Spain ($X) constituted the largest supplier of vegetables in vinegar other than potatoes to Portugal, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.1% per year) and Poland (+20.1% per year).

Import Prices by Country

The average vinegar-preserved vegetable import price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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