Portugal: Oil Crops Market 2025

Oil Crops Market Size in Portugal

For the third consecutive year, the Portuguese oil crops market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Oil crops consumption peaked in 2022 and is expected to retain growth in the immediate term.

Oil Crops Production in Portugal

In value terms, oil crops production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The average yield of oil crops (primary) in Portugal declined notably to X tons per ha in 2022, waning by X% on the previous year. Over the period under review, the yield, however, posted a buoyant increase. The growth pace was the most rapid in 2021 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha, and then reduced notably in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in Portugal skyrocketed to X ha, with an increase of X% compared with the previous year. Overall, the harvested area, however, recorded a abrupt downturn. The oil crops harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Oil Crops Exports

Exports from Portugal

Oil crops exports from Portugal shrank dramatically to X tons in 2022, which is down by X% against 2021 figures. In general, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, oil crops exports plummeted to $X in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for oil crops exports from Portugal, accounting for a X% share of total exports. Moreover, oil crops exports to Spain exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold. Angola (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Angola (X% per year).

In value terms, Spain ($X) remains the key foreign market for oil crops (primary) exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Turkey ($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 Ireland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Oil Crops Imports

Imports into Portugal

In 2022, the amount of oil crops (primary) imported into Portugal dropped to X tons, which is down by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, oil crops imports rose notably to $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of oil crops to Portugal, accounting for a X% share of total imports. Moreover, oil crops imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Romania (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Romania (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of oil crops (primary) to Portugal, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the average oil crops import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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