Portugal: Gingerbread Market 2024

Gingerbread Market Size in Portugal

In 2022, the Portuguese gingerbread market decreased by -10% to $X, falling for the fourth year in a row after two years of growth. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -48.2% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Gingerbread Production in Portugal

In value terms, gingerbread production contracted modestly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by 1.5%. Gingerbread production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gingerbread Exports

Exports from Portugal

After six years of growth, shipments abroad of gingerbread decreased by -13.6% to X tons in 2022. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 116%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, gingerbread exports declined rapidly to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 144% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then plummeted in the following year.

Exports by Country

Angola (X tons), Canada (X tons) and Spain (X tons) were the main destinations of gingerbread exports from Portugal, together accounting for 73% of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +820.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the key foreign market for gingerbread exports from Portugal, comprising 37% of total exports. The second position in the ranking was taken by Canada ($X), with a 17% share of total exports. It was followed by Spain, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Angola stood at +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+987.6% per year) and Spain (+7.8% per year).

Export Prices by Country

The average gingerbread export price stood at $X per ton in 2022, waning by -2% against the previous year. In general, the export price, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 101%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to France ($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 Canada (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Gingerbread Imports

Imports into Portugal

In 2022, the amount of gingerbread imported into Portugal declined to X tons, which is down by -10% on 2021 figures. In general, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2015 when imports increased by 93%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, gingerbread imports fell to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -42.3% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 64% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of gingerbread to Portugal, with a 85% share of total imports. Moreover, gingerbread imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.4% per year) and France (-14.4% per year).

In value terms, Spain ($X) constituted the largest supplier of gingerbread to Portugal, comprising 75% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by France, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.2% per year) and France (-14.4% per year).

Import Prices by Country

The average gingerbread import price stood at $X per ton in 2022, reducing by -1.9% against the previous year. Overall, the import price showed a noticeable slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 33%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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