Portugal: Preserved Pork Market 2021

Preserved Pork Market Size in Portugal

The Portuguese preserved pork market contracted to $X in 2020, waning by -X% against the previous year. Over the period under review, consumption showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2014 to 2020, the growth of the market remained at a somewhat lower figure.

Preserved Pork Production in Portugal

In value terms, preserved pork production reduced slightly to $X in 2020 estimated in export prices. In general, production, however, showed a deep downturn. The pace of growth was the most pronounced in 2010 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. from 2011 to 2020, production growth failed to regain the momentum.

Preserved Pork Exports

Exports from Portugal

In 2020, shipments abroad of pig meat salted (salted, in brine, dried or smoked) increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are likely to see steady growth in the immediate term.

In value terms, preserved pork exports dropped modestly to $X in 2020. In general, total exports indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for preserved pork exports from Portugal, accounting for a X% share of total exports. Moreover, preserved pork exports to Spain exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was occupied by Angola (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume 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 Angola (-X% per year).

In value terms, Spain ($X), France ($X) and Angola ($X) appeared to be the largest markets for preserved pork exported from Portugal worldwide, together comprising X% of total exports. These countries were followed by Luxembourg, Brazil, Romania and Belgium, which together accounted for a further X the main countries of destination, Romania recorded 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 preserved pork export price stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Brazil ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Pork Imports

Imports into Portugal

In 2020, overseas purchases of pig meat salted (salted, in brine, dried or smoked) decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, preserved pork imports dropped to $X in 2020. Overall, imports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Spain (X tons) constituted the largest supplier of preserved pork to Portugal, with a X% share of total imports. Moreover, preserved pork imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and France (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of preserved pork to Portugal, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Spain amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and France (+X% per year).

Import Prices by Country

The average preserved pork import price stood at $X per ton in 2020, growing by X% against the previous year. Overall, import price indicated a prominent expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved pork import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The import price peaked at $X per ton in 2009; however, from 2010 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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