Portugal: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Portugal

In 2022, the Portuguese market for malt extract and food preparations of flour, meal, and starches increased by 44% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a remarkable increase. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Portugal

In 2022, overseas shipments of malt extract and food preparations of flour, meal, and starches decreased by -28.8% to X tons, falling for the second year in a row after four years of growth. In general, exports recorded a mild descent. The pace of growth appeared the most rapid in 2019 with an increase of 75% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches shrank notably to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 95% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Portugal, accounting for a 40% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Spain exceeded the volume sent to the second major destination, Angola (X tons), twofold. The third position in this ranking was held by Cabo Verde (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-11.5% per year) and Cabo Verde (-1.4% per year).

In value terms, the largest markets for malt extract and food preparations of flour, meal, and starch exported from Portugal were Spain ($X), Angola ($X) and Cabo Verde ($X), with a combined 58% share of total exports. Germany, France, Cote d'Ivoire, the UK, Israel, Austria, Cuba, Equatorial Guinea and Italy lagged somewhat behind, together accounting for a further 27%.

Israel, with a CAGR of +710.6%, recorded the highest growth rate of 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

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, dropping by -28.6% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 25%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the 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 France ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Italy (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Portugal

For the third year in a row, Portugal recorded growth in purchases abroad of malt extract and food preparations of flour, meal, and starches, which increased by 13% to X tons in 2022. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of malt extract and food preparations of flour, meal, and starches surged to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Portugal, together comprising 81% of total imports. The Netherlands, Italy, Brazil, Belgium and Poland lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +21.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch suppliers to Portugal were Spain ($X), Germany ($X) and France ($X), with a combined 80% share of total imports. The Netherlands, Italy, Brazil, Belgium and Poland lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Brazil, with a CAGR of +23.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, surging by 2.8% against the previous year. Overall, the import price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Italy ($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 (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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