Portugal: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Portugal

The Portuguese prepared baking powder market declined modestly to $X in 2022, reducing by -2.5% against the previous year. Overall, consumption, however, posted buoyant growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Prepared Baking Powder Production in Portugal

In value terms, prepared baking powder production fell to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 52%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Prepared Baking Powder Exports

Exports from Portugal

In 2022, the amount of prepared baking powders exported from Portugal skyrocketed to X tons, jumping by 88% compared with the year before. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 133% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, prepared baking powder exports surged to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 109% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X tons), Spain (X tons) and Sao Tome and Principe (X tons) were the main destinations of prepared baking powder exports from Portugal, together comprising 80% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +224,817.9%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Spain ($X) and Sao Tome and Principe ($X) were the largest markets for prepared baking powder exported from Portugal worldwide, with a combined 69% share of total exports.

Mexico, with a CAGR of +130,685.0%, saw the highest growth rate of 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 prepared baking powder export price stood at $X per ton in 2022, with a decrease of -7.4% against the previous year. Over the period under review, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 the UK ($X per ton), while the average price for exports to Luxembourg ($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 the UK (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into Portugal

In 2022, the amount of prepared baking powders imported into Portugal surged to X tons, rising by 17% against the year before. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 39% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared baking powder imports rose sharply to $X in 2022. Overall, imports, however, saw a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of prepared baking powder to Portugal, with a 88% share of total imports. Moreover, prepared baking powder imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Poland (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+62.2% per year) and Poland (+513.0% per year).

In value terms, Spain ($X) constituted the largest supplier of prepared baking powders to Portugal, comprising 88% of total imports. The second position in the ranking was held by Germany ($X), with a 6.7% share of total imports. It was followed by Poland, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+62.6% per year) and Poland (+357.1% per year).

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, falling by -3.7% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared baking powder import price decreased by -36.5% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($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 (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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