Portugal: Couscous Market 2024

Couscous Market Size in Portugal

The Portuguese couscous market rose notably to $X in 2021, surging by 10% against the previous year. Overall, consumption, however, enjoyed a buoyant increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Couscous Production in Portugal

In value terms, couscous production rose sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2016 when the production volume increased by 26% against the previous year. Couscous production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Couscous Exports

Exports from Portugal

In 2021, after two years of decline, there was significant growth in shipments abroad of couscous, when their volume increased by 24% to X tons. Over the period under review, exports saw a measured expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 121% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, couscous exports surged to $X in 2021. Overall, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 250% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Angola (X tons) was the main destination for couscous exports from Portugal, with a 52% share of total exports. Moreover, couscous exports to Angola exceeded the volume sent to the second major destination, the Dominican Republic (X tons), fourfold. The third position in this ranking was held by Cabo Verde (X tons), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (0.0% per year) and Cabo Verde (+35.9% per year).

In value terms, Angola ($X) remains the key foreign market for couscous exports from Portugal, comprising 56% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a 9.3% share of total exports. It was followed by the Dominican Republic, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola amounted to -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+41.5% per year) and the Dominican Republic (0.0% per year).

Export Prices by Country

The average couscous export price stood at $X per ton in 2021, rising by 4.5% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the average export price increased by 59%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 France ($X per ton), while the average price for exports to Guinea-Bissau ($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 Cabo Verde (+4.1%), while the prices for the other major destinations experienced a decline.

Couscous Imports

Imports into Portugal

Couscous imports into Portugal shrank to X tons in 2021, waning by -6.7% against the previous year's figure. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 176%. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, couscous imports expanded notably to $X in 2021. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 159% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Morocco (X tons) and France (X tons) were the main suppliers of couscous imports to Portugal, with a combined 89% share of total imports. Germany, Spain, Hungary and the Netherlands lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +124.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest couscous suppliers to Portugal were Italy ($X), France ($X) and Morocco ($X), together comprising 77% of total imports. Germany, Hungary, Spain and the Netherlands lagged somewhat behind, together comprising a further 22%.

In terms of the main suppliers, Germany, with a CAGR of +127.1%, saw the highest growth rate of 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

In 2021, the average couscous import price amounted to $X per ton, with an increase of 20% against the previous year. Overall, the import price continues to indicate a slight increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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