Portugal: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Portugal

In 2021, after two years of growth, there was significant decline in the Portuguese market for peel of citrus fruit or melons, when its value decreased by -6.6% to $X. Over the period under review, consumption, however, saw a resilient expansion. Citrus fruit or melons peel consumption peaked at $X in 2020, and then fell in the following year.

Production of Peel Of Citrus Fruit Or Melons in Portugal

In value terms, citrus fruit or melons peel production reduced to $X in 2021 estimated in export price. In general, production, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 52% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Portugal

After two years of growth, shipments abroad of peel of citrus fruit or melons decreased by -97.6% to X tons in 2021. Over the period under review, exports showed a significant curtailment. The growth pace was the most rapid in 2017 when exports increased by 560%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, citrus fruit or melons peel exports declined remarkably to $X in 2021. In general, exports faced a significant curtailment. The growth pace was the most rapid in 2017 when exports increased by 565%. Over the period under review, the exports reached the peak figure at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

Spain (X tons) was the main destination for citrus fruit or melons peel exports from Portugal, accounting for a 70% share of total exports. Moreover, citrus fruit or melons peel exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold. France (X kg) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to -25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-41.0% per year) and France (-52.7% per year).

In value terms, the largest markets for citrus fruit or melons peel exported from Portugal were the Netherlands ($X), Spain ($X) and France ($X), together comprising 95% of total exports.

Spain, with a CAGR of -26.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, with an increase of 6.2% against the previous year. Over the period under review, the export price saw strong growth. The growth pace was the most rapid in 2018 an increase of 64%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, 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 France ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+31.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Portugal

In 2021, approx. X tons of peel of citrus fruit or melons were imported into Portugal; with an increase of 24% compared with 2020 figures. Overall, imports, however, saw a precipitous curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 1,072%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, citrus fruit or melons peel imports contracted modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by 517%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Spain (X tons) and Italy (X kg) were the main suppliers of citrus fruit or melons peel imports to Portugal, together accounting for 100% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +8.4%), while imports for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of peel of citrus fruit or melons to Portugal, comprising 85% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from France totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-17.6% per year) and Italy (-58.5% per year).

Import Prices by Country

In 2021, the average import price for peel of citrus fruit or melons amounted to $X per ton, reducing by -20.4% against the previous year. Overall, the import price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 148% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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