Report Update Nov 1, 2024

Portugal - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Poppy Seed Market 2024

Poppy Seed Market Size in Portugal

The Portuguese poppy seed market reduced to $X in 2022, dropping by -7.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a significant increase. Poppy seed consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Poppy Seed Exports

Exports from Portugal

In 2022, shipments abroad of poppy seed was finally on the rise to reach X kg after two years of decline. In general, exports, however, faced a sharp contraction. The pace of growth appeared the most rapid in 2016 with an increase of 363%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, poppy seed exports surged to $X in 2022. Overall, exports, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2017 with an increase of 263%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X kg), Mozambique (X kg) and Cabo Verde (X kg) were the main destinations of poppy seed exports from Portugal, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cabo Verde (with a CAGR of +32.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for poppy seed exported from Portugal were Angola ($X), Mozambique ($X) and Cabo Verde ($X), with a combined 95% share of total exports.

Cabo Verde, with a CAGR of +44.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average poppy seed export price stood at $X per ton in 2022, waning by -11.3% against the previous year. Over the period under review, the export price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 689%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Sao Tome and Principe ($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 Spain (+467.0%), while the prices for the other major destinations experienced more modest paces of growth.

Poppy Seed Imports

Imports into Portugal

In 2022, poppy seed imports into Portugal reduced to X tons, which is down by -6% on 2021 figures. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 71%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, poppy seed imports reduced to $X in 2022. Over the period under review, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 77% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest poppy seed supplier to Portugal, accounting for a 51% share of total imports. Moreover, poppy seed imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.0% per year) and Austria (+35.2% per year).

In value terms, Spain ($X), the Netherlands ($X) and Austria ($X) constituted the largest poppy seed suppliers to Portugal, together accounting for 79% of total imports. Germany, France, Poland and Belgium lagged somewhat behind, together comprising a further 21%.

Belgium, with a CAGR of +25.6%, 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

In 2022, the average poppy seed import price amounted to $X per ton, declining by -5.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for poppy seed in the world?

Turkey remains the largest poppy seed consuming country worldwide, accounting for 22% of total volume. Moreover, poppy seed consumption in Turkey exceeded the figures recorded by the second-largest consumer, Germany, threefold. The third position in this ranking was occupied by Poland, with a 6.6% share.

What are the largest producers of poppy seed in the world?

The countries with the highest volumes of poppy seed production in 2020 were Turkey, the Czech Republic and Spain, with a combined 58% share of global production. These countries were followed by Australia, China, France, Hungary, Croatia, Slovakia, Germany, Austria and Palestine, which together accounted for a further 36%.

What are the leading suppliers of poppy seed to Portugal?

In value terms, Spain constituted the largest supplier of poppy seed to Portugal, comprising 55% of total imports. The second position in the ranking was occupied by the Netherlands, with a 23% share of total imports. It was followed by Germany, with an 11% share.

What are the leading importers of poppy seed from Portugal?

In value terms, Mozambique emerged as the key foreign market for poppy seed exports from Portugal, comprising 63% of total exports. The second position in the ranking was occupied by Cabo Verde $432), with a 22% share of total exports.

What is the average export price for poppy seed in Portugal?

In 2020, the average poppy seed export price amounted to $5,808 per ton, rising by 159% against the previous year.

What is the average import price for poppy seed in Portugal?

In 2020, the average poppy seed import price amounted to $3,714 per ton, increasing by 38% against the previous year.

This report provides an in-depth analysis of the poppy seed market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 296 - Poppy seed

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023