Portugal: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Portugal

The Portuguese flaked or rolled cereal market soared to $X in 2022, jumping by 60% against the previous year. In general, consumption, however, continues to indicate a noticeable shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Flaked or Rolled Cereals in Portugal

In value terms, flaked or rolled cereal production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable reduction. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Flaked or Rolled Cereals

Exports from Portugal

Flaked or rolled cereal exports from Portugal skyrocketed to X tons in 2022, jumping by 195% against the previous year. In general, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flaked or rolled cereal exports soared to $X in 2022. Overall, exports posted a prominent expansion. The growth pace was the most rapid in 2016 when exports increased by 223% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for flaked or rolled cereal exports from Portugal, with a 76% share of total exports. Moreover, flaked or rolled cereal exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), sevenfold. The third position in this ranking was held by Cabo Verde (X tons), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+23.0% per year) and Cabo Verde (+25.1% per year).

In value terms, Spain ($X) remains the key foreign market for flaked or rolled cereals exports from Portugal, comprising 62% of total exports. The second position in the ranking was taken by Angola ($X), with a 17% share of total exports. It was followed by Cabo Verde, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+18.5% per year) and Cabo Verde (+28.6% per year).

Export Prices by Country

In 2022, the average flaked or rolled cereal export price amounted to $X per ton, which is down by -27.7% against the previous year. Overall, the export price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 110%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($X per ton), while the average price for exports to Spain ($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 Spain (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flaked or Rolled Cereals

Imports into Portugal

In 2022, after three years of decline, there was significant growth in purchases abroad of flaked or rolled cereals, when their volume increased by 52% to X tons. Over the period under review, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, flaked or rolled cereal imports soared to $X in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 45%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest flaked or rolled cereal supplier to Portugal, accounting for a 69% share of total imports. Moreover, flaked or rolled cereal imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. Finland (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.2% per year) and Finland (+211.6% per year).

In value terms, Spain ($X) constituted the largest supplier of flaked or rolled cereals to Portugal, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Finland, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.6% per year) and Finland (+218.9% per year).

Import Prices by Country

The average flaked or rolled cereal import price stood at $X per ton in 2022, shrinking by -9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2013 when the average import price increased by 16%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

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 Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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