Portugal: Dried Grapes Market 2024

Dried Grapes Market Size in Portugal

The Portuguese dried grapes market shrank to $X in 2022, waning by -5.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a slight curtailment. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Dried Grapes Exports

Exports from Portugal

In 2022, dried grapes exports from Portugal skyrocketed to X tons, rising by 56% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, dried grapes exports soared to $X in 2022. Overall, exports, however, saw a abrupt decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Angola (X tons) and Cabo Verde (X tons) were the main destinations of dried grapes exports from Portugal, with a combined 70% share of total exports. Morocco, Switzerland, Luxembourg and Sao Tome and Principe lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg (with a CAGR of +73.5%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), Cabo Verde ($X) and Spain ($X) appeared to be the largest markets for dried grapes exported from Portugal worldwide, together comprising 73% of total exports.

Spain, with a CAGR of +52.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dried grapes export price stood at $X per ton in 2022, shrinking by -18.5% against the previous year. Overall, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 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 Sao Tome and Principe ($X per ton), while the average price for exports to Morocco ($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 Brazil (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Dried Grapes Imports

Imports into Portugal

In 2022, imports of dried grapes into Portugal totaled X tons, approximately equating the year before. Over the period under review, imports, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 22%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, dried grapes imports reduced slightly to $X in 2022. In general, imports, however, showed a mild contraction. The pace of growth appeared the most rapid in 2019 with an increase of 31% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of dried grapes to Portugal, accounting for a 47% share of total imports. Moreover, dried grapes imports from Turkey exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+15.6% per year) and Spain (-11.1% per year).

In value terms, Turkey ($X), South Africa ($X) and Spain ($X) were the largest dried grapes suppliers to Portugal, together accounting for 78% of total imports. The UK, Chile, Germany, France, Iran and Argentina lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, the UK, with a CAGR of +82.9%, recorded the highest rates of growth with regard to 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 2022, the average dried grapes import price amounted to $X per ton, falling by -5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 the UK ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :