Portugal: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Portugal

After two years of decline, the Portuguese prepared dish and meal market increased by 23% to $X in 2021. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Prepared dish and meal consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Prepared Dishes And Meals in Portugal

In value terms, prepared dish and meal production expanded slightly to $X in 2021 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -22.6% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 52% against the previous year. Prepared dish and meal production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Dishes And Meals

Exports from Portugal

In 2021, prepared dish and meal exports from Portugal was estimated at X tons, rising by 4.1% against 2020 figures. Overall, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +88.3% against 2013 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 36%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, prepared dish and meal exports soared to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.7% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 17%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Spain (X tons) was the main destination for prepared dish and meal exports from Portugal, with a 67% share of total exports. Moreover, prepared dish and meal exports to Spain exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was held by the UK (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.7% per year) and the UK (+35.4% per year).

In value terms, Spain ($X) remains the key foreign market for prepared dishes and meals exports from Portugal, comprising 42% of total exports. The second position in the ranking was taken by Angola ($X), with an 8.4% share of total exports. It was followed by France, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+1.7% per year) and France (+7.5% per year).

Export Prices by Country

The average prepared dish and meal export price stood at $X per ton in 2021, increasing by 11% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 11% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain ($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 Switzerland (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prepared Dishes And Meals

Imports into Portugal

In 2021, supplies from abroad of prepared dishes and meals increased by 22% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 19%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of prepared dish and meal to Portugal, accounting for a 46% share of total imports. Moreover, prepared dish and meal imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.3% per year) and France (+5.0% per year).

In value terms, Spain ($X) constituted the largest supplier of prepared dishes and meals to Portugal, comprising 41% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by France, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.8% per year) and France (+4.8% per year).

Import Prices by Country

In 2021, the average prepared dish and meal import price amounted to $X per ton, shrinking by -4.5% 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 an increase of 8% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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