Portugal: Market for Chocolate Bars with Cereals, Fruit or Nuts 2025

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Portugal

The Portuguese market for chocolate bars with cereals, fruit or nuts declined sharply to $X in 2022, falling by -15.8% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Portugal

In value terms, production of chocolate bars with cereals, fruit or nuts shrank notably to $X in 2022 estimated in export price. Over the period under review, production recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Portugal

In 2022, overseas shipments of chocolate bars with cereals, fruit or nuts increased by 34% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 44%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of chocolate bars with cereals, fruit or nuts surged to $X in 2022. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 43%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Portugal, accounting for a 52% share of total exports. Moreover, exports of chocolate bars with cereals, fruit or nuts to Spain exceeded the volume sent to the second major destination, South Africa (X tons), ninefold. Angola (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+77.4% per year) and Angola (+3.0% per year).

In value terms, Spain ($X) remains the key foreign market for chocolate bars with cereals, fruit or nuts exports from Portugal, comprising 44% of total exports. The second position in the ranking was held by South Africa ($X), with a 7.2% share of total exports. It was followed by Angola, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+71.0% per year) and Angola (+0.8% per year).

Export Prices by Country

In 2022, the average export price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, which is down by -5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 17% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Greece ($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 the United Arab Emirates (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Portugal

In 2022, supplies from abroad of chocolate bars with cereals, fruit or nuts decreased by -5.8% to X tons, falling for the second consecutive year after three years of growth. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of chocolate bars with cereals, fruit or nuts amounted to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 17% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and France (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Portugal, with a combined 85% share of total imports. The Netherlands, Austria, Poland, Italy and Belgium lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +25.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and France ($X) appeared to be the largest cereal, fruit or nut chocolate bar suppliers to Portugal, together accounting for 83% of total imports. The Netherlands, Austria, Italy, Belgium and Poland lagged somewhat behind, together comprising a further 14%.

Poland, with a CAGR of +28.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, picking up by 7.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs 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 Italy ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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