Portugal: Sausage Market 2024

Sausage Market Size in Portugal

The Portuguese sausage market declined to $X in 2021, reducing by -5.5% against the previous year. Overall, consumption showed a noticeable slump. Sausage consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sausage Production in Portugal

In value terms, sausage production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 4.2% against the previous year. Sausage production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sausage Exports

Exports from Portugal

In 2021, shipments abroad of sausages and similar products of meat decreased by -4.3% to X tons, falling for the eighth consecutive year after two years of growth. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 8.6%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, sausage exports amounted to $X in 2021. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 17%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Angola (X tons) was the main destination for sausage exports from Portugal, accounting for a 50% share of total exports. Moreover, sausage exports to Angola exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was taken by Cabo Verde (X tons), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Angola amounted to -13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.2% per year) and Cabo Verde (+2.8% per year).

In value terms, Angola ($X) remains the key foreign market for sausages and similar products of meat exports from Portugal, comprising 40% of total exports. The second position in the ranking was held by France ($X), with a 17% share of total exports. It was followed by Cabo Verde, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to Angola stood at -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.7% per year) and Cabo Verde (+4.5% per year).

Export Prices by Country

In 2021, the average sausage export price amounted to $X per ton, increasing by 4.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2020 an increase of 13% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Sao Tome and Principe ($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 (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sausage Imports

Imports into Portugal

In 2021, overseas purchases of sausages and similar products of meat were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sausage imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Germany (X tons) and France (X tons) were the main suppliers of sausage imports to Portugal, together comprising 90% of total imports. These countries were followed by Poland, Italy and Austria, which together accounted for a further 8.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +105.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of sausages and similar products of meat to Portugal, comprising 59% of total imports. The second position in the ranking was held by Germany ($X), with a 27% share of total imports. It was followed by France, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.6% per year) and France (+3.8% per year).

Import Prices by Country

The average sausage import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then reduced slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :