Portugal: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Portugal

The Portuguese prepared frozen vegetable market expanded sharply to $X in 2020, growing by X% against the previous year. Over the period under review, consumption posted a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2018 to 2020, the growth of the market remained at a lower figure.

Prepared Frozen Vegetable Production in Portugal

In value terms, prepared frozen vegetable production rose rapidly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated prominent growth 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, production increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, production reached the maximum level in 2020 and is likely to see gradual growth in years to come.

Prepared Frozen Vegetable Exports

Exports from Portugal

Prepared frozen vegetable exports from Portugal fell remarkably to X tons in 2020, declining by -X% against 2019 figures. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, exports reached the peak of X tons. from 2019 to 2020, the growth exports remained at a lower figure.

In value terms, prepared frozen vegetable exports reduced to $X in 2020. In general, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

France (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of prepared frozen vegetable exports from Portugal, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and Spain ($X) constituted the largest markets for prepared frozen vegetable exported from Portugal worldwide, with a combined X% share of total exports. The United States, the UK, Canada and Ireland lagged somewhat behind, together accounting for a further X the main countries of destination, Canada (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average prepared frozen vegetable export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Prepared Frozen Vegetable Imports

Imports into Portugal

In 2020, purchases abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons for the first time since 2006, thus ending a thirteen-year rising trend. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at X tons in 2019, and then reduced in the following year.

In value terms, prepared frozen vegetable imports declined to $X in 2020. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Spain (X tons) constituted the largest prepared frozen vegetable supplier to Portugal, with a X% share of total imports. Moreover, prepared frozen vegetable imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Germany (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average prepared frozen vegetable import price stood at $X per ton in 2020, surging by X% against the previous year. Over the period under review, the import price, however, showed a pronounced contraction. 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 France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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