Portugal: Prepared Mustard Market 2024

Prepared Mustard Market Size in Portugal

The Portuguese prepared mustard market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Prepared mustard consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Prepared Mustard Production in Portugal

In value terms, prepared mustard production declined slightly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Prepared Mustard Exports

Exports from Portugal

In 2021, exports of prepared mustard from Portugal expanded notably to X tons, picking up by 14% against the previous year's figure. Overall, total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.8% against 2016 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 55%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, prepared mustard exports surged to $X in 2021. In general, exports, however, saw a slight descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Angola (X tons) and the Netherlands (X tons) were the main destinations of prepared mustard exports from Portugal, with a combined 64% share of total exports. France, Morocco, Switzerland, Cabo Verde, Mozambique, Poland, Luxembourg, Germany and the UK lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +171.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared mustard exported from Portugal were Spain ($X), Angola ($X) and France ($X), together accounting for 64% of total exports. These countries were followed by the Netherlands, Morocco, Switzerland, Cabo Verde, Mozambique, the UK, Luxembourg, Germany and Poland, which together accounted for a further 29%.

Among the main countries of destination, Poland, with a CAGR of +140.5%, saw 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

In 2021, the average prepared mustard export price amounted to $X per ton, with an increase of 8% against the previous year. Over the period under review, the export price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 14% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Poland ($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 Spain (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Mustard Imports

Imports into Portugal

In 2021, the amount of prepared mustard imported into Portugal surged to X tons, with an increase of 18% against 2020. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.5% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 49% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared mustard imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 41%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of prepared mustard imports to Portugal, together accounting for 96% 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 +9.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Germany ($X) were the largest prepared mustard suppliers to Portugal, together accounting for 93% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +4.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, which is down by -4.7% against the previous year. In general, the import price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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