Portugal: Mixed Juices Market 2024

Mixed Juices Market Size in Portugal

In 2022, the Portuguese mixed juices market decreased by -30% to $X, falling for the fifth year in a row after four years of growth. Overall, consumption recorded a pronounced reduction. Mixed juices consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Mixed Juices Production in Portugal

In value terms, mixed juices production surged to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Mixed Juices Exports

Exports from Portugal

After four years of growth, shipments abroad of mixtures of fruit and vegetable juices decreased by -9.3% to X tons in 2022. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 85%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, mixed juices exports shrank markedly to $X in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 161% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

The UK (X tons), the United States (X tons) and Cabo Verde (X tons) were the main destinations of mixed juices exports from Portugal, together accounting for 55% of total exports. Luxembourg, Sao Tome and Principe, Guinea-Bissau, Switzerland, France, Germany, Saudi Arabia, Cote d'Ivoire, Angola and Mozambique lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +176.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Switzerland ($X) were the largest markets for mixed juices exported from Portugal worldwide, together comprising 81% of total exports. France, Luxembourg, Cabo Verde, Germany, Sao Tome and Principe, Guinea-Bissau, Saudi Arabia, Cote d'Ivoire, Angola and Mozambique lagged somewhat behind, together comprising a further 11%.

Among the main countries of destination, Saudi Arabia, with a CAGR of +222.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mixed juices export price stood at $X per ton in 2022, falling by -13.8% against the previous year. Over the period under review, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 131% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guinea-Bissau ($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 States (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into Portugal

Mixed juices imports into Portugal dropped to X tons in 2022, reducing by -5.8% on the previous year's figure. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, mixed juices imports shrank dramatically to $X in 2022. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by 28% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of mixed juices to Portugal, with a 89% share of total imports. Moreover, mixed juices imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.8% per year) and France (-9.1% per year).

In value terms, Spain ($X) constituted the largest supplier of mixtures of fruit and vegetable juices to Portugal, comprising 80% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports. It was followed by France, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.6% per year) and France (-6.4% per year).

Import Prices by Country

In 2022, the average mixed juices import price amounted to $X per ton, waning by -68.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Ireland ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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