Portugal: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Portugal

In 2022, the Portuguese primary fiber crops market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Primary Fiber Crops Production in Portugal

In value terms, primary fiber crops production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Primary Fiber Crops Exports

Exports from Portugal

In 2022, the amount of fiber crops (primary) exported from Portugal surged to X tons, with an increase of X% against the previous year's figure. Overall, exports recorded resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, primary fiber crops exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons) was the main destination for primary fiber crops exports from Portugal, with a X% share of total exports. Moreover, primary fiber crops exports to Spain exceeded the volume sent to the second major destination, France (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the UK (X% per year).

In value terms, Spain ($X) remains the key foreign market for fiber crops (primary) exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Ireland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Ireland (X% per year).

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per ton in 2021, and then fell in the following year.

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

Primary Fiber Crops Imports

Imports into Portugal

In 2022, overseas purchases of fiber crops (primary) increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, primary fiber crops imports surged to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest primary fiber crops supplier to Portugal, with a X% share of total imports. Moreover, primary fiber crops imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was held by the United States (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of fiber crops (primary) to Portugal, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

Import Prices by Country

The average primary fiber crops import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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