Portugal: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Portugal

The Portuguese market for candies, sweets, and nonchocolate confectionery shrank notably to $X in 2022, reducing by -36.8% against the previous year. In general, consumption saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 with an increase of 7.2% against the previous year. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Portugal

In value terms, candy, sweets, and nonchocolate confectionery production shrank notably to $X in 2022 estimated in export price. Over the period under review, production saw a deep downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Portugal

In 2022, after three years of decline, there was significant growth in shipments abroad of candies, sweets, and nonchocolate confectionery, when their volume increased by 47% to X tons. Overall, exports, however, continue to indicate a noticeable curtailment. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports skyrocketed to $X in 2022. In general, exports, however, showed a pronounced contraction. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Portugal, accounting for a 37% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-17.1% per year) and the United Arab Emirates (+13.1% per year).

In value terms, Spain ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Portugal, comprising 33% of total exports. The second position in the ranking was held by Angola ($X), with a 15% share of total exports. It was followed by Tanzania, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-15.9% per year) and Tanzania (+20.9% per year).

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, with a decrease of -12.1% against the previous year. Over the period under review, the export price saw a slight setback. The growth pace was the most rapid in 2021 when the average export price increased by 15%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while the average price for exports to the United Arab Emirates ($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 the UK (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Portugal

In 2022, overseas purchases of candies, sweets, and nonchocolate confectionery increased by 17% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, candy, sweets, and nonchocolate confectionery imports surged to $X in 2022. Over the period under review, imports continue to indicate a slight increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of candy, sweets, and nonchocolate confectionery to Portugal, with a 70% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.0% per year) and France (-3.0% per year).

In value terms, Spain ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Portugal, comprising 62% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Belgium, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.5% per year) and Belgium (-0.4% per year).

Import Prices by Country

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 10%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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