Portugal: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Portugal

The Portuguese market for starch other than wheat, corn or potato rose rapidly to $X in 2021, increasing by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Production of Starch other than Wheat, Corn or Potato in Portugal

In value terms, production of starch other than wheat, corn or potato shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Starch other than Wheat, Corn or Potato

Exports from Portugal

In 2021, the amount of starch other than wheat, corn or potato exported from Portugal rose remarkably to X tons, surging by X% against the year before. In general, exports posted prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of starch other than wheat, corn or potato fell remarkably to $X in 2021. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for exports of starch other than wheat, corn or potato from Portugal, with a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to the Netherlands exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and the UK (+X% per year).

In value terms, the Netherlands ($X), Spain ($X) and the UK ($X) constituted the largest markets for starch other than wheat, corn or potato exported from Portugal worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +X%, saw the highest growth rate of 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 export price for starch other than wheat, corn or potato amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price, however, posted strong growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($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 (+X%), while the prices for the other major destinations experienced a decline.

Imports of Starch other than Wheat, Corn or Potato

Imports into Portugal

In 2021, supplies from abroad of starch other than wheat, corn or potato increased by X% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of starch other than wheat, corn or potato surged to $X in 2021. In general, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest starch other than wheat, corn or potato supplier to Portugal, with a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at +X%.

In value terms, Brazil ($X) constituted the largest supplier of starch other than wheat, corn or potato to Portugal, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil totaled +X%.

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2021, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%).

Source: IndexBox Platform

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