Portugal: Meat Dishes Market 2024

Meat Dishes Market Size in Portugal

The Portuguese meat dishes market dropped markedly to $X in 2022, shrinking by -22.6% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Meat Dishes Production in Portugal

In value terms, meat dishes production shrank sharply to $X in 2022 estimated in export price. Overall, production showed a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 135% against the previous year. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Meat Dishes Exports

Exports from Portugal

In 2022, the amount of meat dishes exported from Portugal expanded notably to X tons, increasing by 6.3% compared with 2021. Over the period under review, exports, however, recorded a perceptible decline. The growth pace was the most rapid in 2013 with an increase of 6.8%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, meat dishes exports expanded sharply to $X in 2022. In general, exports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 17%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Angola (X tons) was the main destination for meat dishes exports from Portugal, accounting for a 37% share of total exports. Moreover, meat dishes exports to Angola exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Angola totaled -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+15.0% per year) and Spain (+4.1% per year).

In value terms, Angola ($X), France ($X) and Spain ($X) appeared to be the largest markets for meat dishes exported from Portugal worldwide, with a combined 66% share of total exports. Cabo Verde, Luxembourg, the UK, Belgium and Mozambique lagged somewhat behind, together comprising a further 23%.

Belgium, with a CAGR of +15.7%, saw 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

The average meat dishes export price stood at $X per ton in 2022, with an increase of 2.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 9.6%. The export price peaked at $X per ton in 2014; however, from 2015 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 the UK ($X per ton), while the average price for exports to Belgium ($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 Spain (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Portugal

In 2022, the amount of meat dishes imported into Portugal was estimated at X tons, increasing by 13% against the year before. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 14%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, meat dishes imports soared to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +90.6% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of meat dishes to Portugal, with a 66% share of total imports. Moreover, meat dishes imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by France (X tons), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.4% per year) and France (+1.8% per year).

In value terms, Spain ($X) constituted the largest supplier of meat dishes to Portugal, comprising 66% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by France, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.4% per year) and France (+2.8% per year).

Import Prices by Country

In 2022, the average meat dishes import price amounted to $X per ton, increasing by 4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 7.4%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 the Netherlands ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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