Portugal: Potato Market 2024

Potato Market Size in Portugal

For the third consecutive year, the Portuguese potato market recorded decline in sales value, which decreased by -0.6% to $X in 2021. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Potato Production in Portugal

In value terms, potato production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2013 with an increase of 70% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

The average yield of potatoes in Portugal totaled X tons per ha in 2021, remaining relatively unchanged against the previous year. The yield figure increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2019 when the yield increased by 14% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2021, the growth of the average potato yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of potatoes were harvested in Portugal; remaining stable against 2020. Over the period under review, the harvested area, however, showed a noticeable slump. The pace of growth was the most pronounced in 2013 with an increase of 6.8% against the previous year. Over the period under review, the harvested area dedicated to potato production attained the peak figure at X ha in 2014; however, from 2015 to 2021, the harvested area remained at a lower figure.

Potato Exports

Exports from Portugal

Potato exports from Portugal stood at X tons in 2021, approximately reflecting the year before. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 81% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, potato exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 89%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for potato exports from Portugal, with a 49% share of total exports. Moreover, potato exports to Spain exceeded the volume sent to the second major destination, France (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.9% per year) and the Netherlands (-8.1% per year).

In value terms, Spain ($X) remains the key foreign market for potato exports from Portugal, comprising 49% of total exports. The second position in the ranking was taken by France ($X), with a 24% share of total exports. It was followed by the Netherlands, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.5% per year) and the Netherlands (-8.7% per year).

Export Prices by Country

The average potato export price stood at $X per ton in 2021, with an increase of 17% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 27%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Cabo Verde ($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 the Czech Republic (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Imports

Imports into Portugal

In 2021, potato imports into Portugal declined to X tons, with a decrease of -1.8% against the previous year's figure. Overall, imports showed a mild curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 32%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, potato imports fell slightly to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 57%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

France (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of potato imports to Portugal, together comprising 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +3.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest potato suppliers to Portugal were Spain ($X), France ($X) and the Netherlands ($X), with a combined 95% share of total imports.

In terms of the main suppliers, France, with a CAGR of +3.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average potato import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2016 an increase of 33%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by France (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :