Portugal: Cream Market 2021

Cream Market Size in Portugal

The Portuguese cream market rose rapidly to $X in 2020, picking up by X% against the previous year. In general, the total consumption indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2009 indices. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in years to come.

Cream Production in Portugal

In value terms, cream production contracted to $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Cream Exports

Exports from Portugal

In 2020, the amount of cream exported from Portugal soared to X tons, growing by X% compared with the previous year's figure. In general, exports, however, recorded a abrupt downturn. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, cream exports soared to $X in 2020. Over the period under review, exports, however, showed a deep slump. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Angola (X tons) was the main destination for cream exports from Portugal, accounting for a X% share of total exports. Moreover, cream exports to Angola exceeded the volume sent to the second major destination, Spain (X tons), tenfold.

From 2007 to 2020, the average annual growth rate of volume to Angola amounted to +X%.

In value terms, Spain ($X) and Angola ($X) appeared to be the largest markets for cream exported from Portugal worldwide, together comprising X% of total exports.

Angola recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2020, the average cream export price amounted to $X per ton, declining by -X% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Spain ($X per ton), while the average price for exports to Angola totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain.

Cream Imports

Imports into Portugal

For the tenth year in a row, Portugal recorded growth in overseas purchases of cream, which increased by X% to X tons in 2020. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to see steady growth in the immediate term.

In value terms, cream imports expanded significantly to $X in 2020. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum in 2020 and are likely to continue growth in years to come.

Imports by Country

In 2020, Spain (X tons) was the main supplier of cream to Portugal, accounting for a X% share of total imports. Moreover, cream imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Spain stood at +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Spain totaled +X%.

Import Prices by Country

The average cream import price stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the import price saw a slight contraction. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for Spain stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany.

Source: IndexBox Platform

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