Portugal: Festive Articles Market 2024

Festive Articles Market Size in Portugal

The Portuguese festive articles market surged to $X in 2022, with an increase of 24% against the previous year. Overall, consumption recorded a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Festive Articles Production in Portugal

In value terms, festive articles production contracted to $X in 2022 estimated in export price. Overall, production saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 10% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Festive Articles Exports

Exports from Portugal

In 2022, approx. X tons of festive or carnival articles were exported from Portugal; rising by 104% compared with 2021 figures. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 189%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, festive articles exports skyrocketed to $X in 2022. Over the period under review, exports showed a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 208%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for festive articles exports from Portugal, with a 78% share of total exports. Moreover, festive articles exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+21.6% per year) and the UK (+71.3% per year).

In value terms, Spain ($X) remains the key foreign market for festive or carnival articles exports from Portugal, comprising 59% of total exports. The second position in the ranking was taken by Italy ($X), with a 3.7% share of total exports. It was followed by the UK, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+30.0% per year) and the UK (+87.8% per year).

Export Prices by Country

The average festive articles export price stood at $X per ton in 2022, surging by 7.4% against the previous year. Overall, the export price showed a noticeable expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 62%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Cabo Verde ($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 (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Festive Articles Imports

Imports into Portugal

In 2022, overseas purchases of festive or carnival articles increased by 24% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2014 when imports increased by 81% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, festive articles imports surged to $X in 2022. In general, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 95% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Spain (X tons) and China (X tons) were the main suppliers of festive articles imports to Portugal, with a combined 90% share of total imports. Poland, France and Italy lagged somewhat behind, together accounting for a further 6.6%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +141.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest festive articles suppliers to Portugal were China ($X), Spain ($X) and the Netherlands ($X), with a combined 84% share of total imports. France, Poland and Italy lagged somewhat behind, together comprising a further 8.5%.

Poland, with a CAGR of +130.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average festive articles import price stood at $X per ton in 2022, with an increase of 4.5% against the previous year. In general, the import price, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2019 when the average import price increased by 45%. The import price peaked at $X per ton in 2014; however, from 2015 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 France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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