Portugal: Market for Meat of Camels and Other Animals 2024

Market Size for Meat of Camels and Other Animals in Portugal

The Portuguese market for meat of camels and other animals dropped significantly to $X in 2022, shrinking by -22.1% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Meat of Camels and Other Animals in Portugal

In value terms, camel and other animal meat production rose markedly to $X in 2022 estimated in export price. Overall, production recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by 107% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Meat of Camels and Other Animals

Exports from Portugal

For the third consecutive year, Portugal recorded growth in overseas shipments of meat of camels and other animals, which increased by 127% to X tons in 2022. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2020 with an increase of 129%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, camel and other animal meat exports surged to $X in 2022. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 178% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for camel and other animal meat exports from Portugal, with a 60% share of total exports. Moreover, camel and other animal meat exports to Spain exceeded the volume sent to the second major destination, Canada (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +59.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+398.5% per year) and the United States (+244.5% per year).

In value terms, Spain ($X), Canada ($X) and the United States ($X) were the largest markets for camel and other animal meat exported from Portugal worldwide, with a combined 87% share of total exports.

Canada, with a CAGR of +384.5%, 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

In 2022, the average export price for meat of camels and other animals amounted to $X per ton, waning by -40.8% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 98%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Italy ($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 Cabo Verde (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Meat of Camels and Other Animals

Imports into Portugal

In 2022, imports of meat of camels and other animals into Portugal reduced markedly to X tons, with a decrease of -50.4% on the previous year's figure. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by 217%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, camel and other animal meat imports dropped dramatically to $X in 2022. In general, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 201% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of camel and other animal meat to Portugal, with a 73% share of total imports. Moreover, camel and other animal meat imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+99.9% per year) and the Netherlands (+18.8% per year).

In value terms, Spain ($X) constituted the largest supplier of meat of camels and other animals to Portugal, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports. It was followed by the Netherlands, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+74.4% per year) and the Netherlands (+23.9% per year).

Import Prices by Country

The average import price for meat of camels and other animals stood at $X per ton in 2022, jumping by 49% against the previous year. In general, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of 56% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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