Portugal: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Portugal

In 2021, the Portuguese sweet biscuit market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the near future.

Sweet Biscuit Production in Portugal

In value terms, sweet biscuit production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 13% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Sweet Biscuit Exports

Exports from Portugal

In 2021, shipments abroad of sweet biscuits decreased by -6.7% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 7.1% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sweet biscuit exports fell to $X in 2021. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 10%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for sweet biscuit exports from Portugal, accounting for a 40% share of total exports. Moreover, sweet biscuit exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), fivefold. The third position in this ranking was held by Canada (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-11.0% per year) and Canada (+29.0% per year).

In value terms, Spain ($X) remains the key foreign market for sweet biscuits exports from Portugal, comprising 31% of total exports. The second position in the ranking was held by France ($X), with an 8% share of total exports. It was followed by Angola, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-8.3% per year) and Angola (-11.0% per year).

Export Prices by Country

The average sweet biscuit export price stood at $X per ton in 2021, with an increase of 4.6% against the previous year. Over the period under review, the export price, however, showed a slight setback. The growth pace was the most rapid in 2013 when the average export price increased by 11%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($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 the UK (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Portugal

In 2021, overseas purchases of sweet biscuits 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 +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 27%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, sweet biscuit imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 27%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest sweet biscuit supplier to Portugal, accounting for a 77% share of total imports. Moreover, sweet biscuit imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.5% per year) and France (+2.4% per year).

In value terms, Spain ($X) constituted the largest supplier of sweet biscuits to Portugal, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 9.9% share of total imports. It was followed by France, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.0% per year) and France (+3.3% per year).

Import Prices by Country

In 2021, the average sweet biscuit import price amounted to $X per ton, picking up by 8.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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