Portugal: Refrigerated Show-Cases Market 2024

Refrigerated Show-Cases Market Size in Portugal

The Portuguese refrigerated show-cases market skyrocketed to $X in 2022, rising by 82% against the previous year. In general, consumption continues to indicate a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Refrigerated Show-Cases Production in Portugal

In value terms, refrigerated show-cases production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% 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 2021 with an increase of 22% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Refrigerated Show-Cases Exports

Exports from Portugal

In 2022, shipments abroad of refrigerated show-caseses decreased by -18.5% to X units, falling for the second consecutive year after three years of growth. Overall, exports, however, recorded a slight expansion. The growth pace was the most rapid in 2013 when exports increased by 27%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, refrigerated show-cases exports declined to $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 16% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

France (X units) was the main destination for refrigerated show-cases exports from Portugal, accounting for a 26% share of total exports. Moreover, refrigerated show-cases exports to France exceeded the volume sent to the second major destination, Belgium (X units), twofold. Spain (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+8.5% per year) and Spain (+0.1% per year).

In value terms, France ($X), the UK ($X) and Spain ($X) were the largest markets for refrigerated show-cases exported from Portugal worldwide, with a combined 52% share of total exports. The Netherlands, Belgium, South Africa, Angola, Germany, Colombia, Poland, Denmark and Italy lagged somewhat behind, together comprising a further 33%.

Colombia, with a CAGR of +24.9%, saw the highest growth rate of the value of exports, in terms of 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 refrigerated show-cases export price stood at $X per unit in 2022, rising by 13% against the previous year. Overall, the export price saw modest growth. The pace of growth appeared the most rapid in 2021 an increase of 17% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Italy ($X per unit) 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 (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerated Show-Cases Imports

Imports into Portugal

In 2022, overseas purchases of refrigerated show-caseses increased by 47% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a buoyant expansion. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, refrigerated show-cases imports surged to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +44.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of refrigerated show-cases to Portugal, accounting for a 35% share of total imports. Moreover, refrigerated show-cases imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. Italy (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+46.0% per year) and Italy (-0.0% per year).

In value terms, Spain ($X) constituted the largest supplier of refrigerated show-caseses to Portugal, comprising 46% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Austria, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.1% per year) and Austria (+1.9% per year).

Import Prices by Country

In 2022, the average refrigerated show-cases import price amounted to $X per unit, which is down by -2.9% against the previous year. Overall, the import price showed a slight decline. The pace of growth appeared the most rapid in 2015 when the average import price increased by 19%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+24.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform