Portugal: Root And Tuber Market 2024

Root And Tuber Market Size in Portugal

After three years of decline, the Portuguese root and tuber market increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Root And Tuber Production in Portugal

In value terms, root and tuber production dropped to $X in 2022 estimated in export price. In general, production recorded a slight decline. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

In 2022, the average root and tuber yield in Portugal reduced to X tons per ha, with a decrease of X% against the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of X%. The root and tuber yield peaked at X tons per ha in 2021, and then declined slightly 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, approx. X ha of roots and tubers were harvested in Portugal; growing by X% against 2021 figures. Overall, the harvested area, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 when the harvested area increased by X%. The root and tuber harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Portugal

In 2022, shipments abroad of roots and tubers increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated a moderate increase from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, root and tuber exports dropped to $X in 2022. Overall, exports recorded a perceptible increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Spain (X tons) was the main destination for root and tuber exports from Portugal, with a X% share of total exports. Moreover, root and tuber exports to Spain exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), 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: France (X% per year) and the Netherlands (X% per year).

In value terms, Spain ($X) remains the key foreign market for roots and tubers exports from Portugal, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Cabo Verde ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into Portugal

In 2022, purchases abroad of roots and tubers was finally on the rise to reach X tons after three years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, root and tuber imports surged to $X in 2022. Overall, total imports indicated a perceptible expansion 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. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of root and tuber imports to Portugal, together accounting for X% of total imports. These countries were followed by Belgium, which accounted for a further X%.

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

In value terms, France ($X), Spain ($X) and the Netherlands ($X) appeared to be the largest root and tuber suppliers to Portugal, together accounting for X% of total imports. These countries were followed by Belgium, which accounted for a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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