Portugal: Canned Meat Market 2025

Canned Meat Market Size in Portugal

The Portuguese canned meat market shrank to $X in 2021, waning by -8.8% against the previous year. Over the period under review, consumption continues to indicate a pronounced slump. Canned meat consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Canned Meat Production in Portugal

In value terms, canned meat production declined to $X in 2021 estimated in export price. Over the period under review, production showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 29%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Canned Meat Exports

Exports from Portugal

In 2021, overseas shipments of canned meat increased by 15% to X tons, rising for the third consecutive year after two years of decline. Overall, exports saw a notable expansion. The pace of growth was the most pronounced in 2015 with an increase of 58% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, canned meat exports soared to $X in 2021. Over the period under review, exports continue to indicate mild growth. The most prominent rate of growth was recorded in 2015 when exports increased by 29%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), France (X tons) and Luxembourg (X tons) were the main destinations of canned meat exports from Portugal, with a combined 66% share of total exports. These countries were followed by Angola, Finland, Belgium and Cabo Verde, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +249.9%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Angola ($X) were the largest markets for canned meat exported from Portugal worldwide, with a combined 64% share of total exports. Luxembourg, Belgium, Cabo Verde and Finland lagged somewhat behind, together comprising a further 17%.

Finland, with a CAGR of +188.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average canned meat export price amounted to $X per ton, with an increase of 2.6% against the previous year. Overall, the export price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2013 when the average export price increased by 20%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Finland ($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 Angola (+0.0%), while the prices for the other major destinations experienced a decline.

Canned Meat Imports

Imports into Portugal

Canned meat imports into Portugal stood at X tons in 2021, picking up by 8.8% on 2020. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 19%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, canned meat imports expanded remarkably to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.0% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 17%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of canned meat to Portugal, with a 66% share of total imports. Moreover, canned meat imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.8% per year) and Germany (+1.4% per year).

In value terms, Spain ($X) constituted the largest supplier of canned meat to Portugal, comprising 66% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.4% per year) and France (+0.4% per year).

Import Prices by Country

In 2021, the average canned meat import price amounted to $X per ton, picking up by 4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 14%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the Netherlands ($X per ton), while the price for France ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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