Portugal: Fresh Chicken Cut Market 2024

Fresh Chicken Cut Market Size in Portugal

The Portuguese fresh chicken cut market rose notably to $X in 2021, growing by 6.2% against the previous year. Overall, consumption saw a prominent increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Fresh Chicken Cut Production in Portugal

In value terms, fresh chicken cut production rose notably to $X in 2021 estimated in export price. In general, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Fresh chicken cut production peaked in 2021 and is likely to continue growth in years to come.

Fresh Chicken Cut Exports

Exports from Portugal

In 2021, overseas shipments of fresh or chilled cuts of chicken increased by 112% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 448%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh chicken cut exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 331% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for fresh chicken cut exports from Portugal, accounting for a 68% share of total exports. Moreover, fresh chicken cut exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), sevenfold. The third position in this ranking was taken by France (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+33.3% per year) and France (+54.1% per year).

In value terms, Spain ($X) remains the key foreign market for fresh or chilled cuts of chicken exports from Portugal, comprising 56% of total exports. The second position in the ranking was held by Luxembourg ($X), with a 15% share of total exports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+65.2% per year) and France (+59.5% per year).

Export Prices by Country

The average fresh chicken cut export price stood at $X per ton in 2021, with a decrease of -22.9% against the previous year. Overall, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 18%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Italy ($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 Congo (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Chicken Cut Imports

Imports into Portugal

In 2021, overseas purchases of fresh or chilled cuts of chicken decreased by -0.9% to X tons, falling for the third year in a row after seven years of growth. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, fresh chicken cut imports amounted to $X in 2021. In general, imports, however, saw buoyant growth. The growth pace was the most rapid in 2018 when imports increased by 58% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of fresh chicken cut to Portugal, accounting for a 89% share of total imports. Moreover, fresh chicken cut imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.1% per year) and France (+5.0% per year).

In value terms, Spain ($X) constituted the largest supplier of fresh or chilled cuts of chicken to Portugal, comprising 89% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.7% per year) and France (+3.9% per year).

Import Prices by Country

The average fresh chicken cut import price stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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