Portugal: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Portugal

The Portuguese preserved sweet corn market totaled $X in 2022, with an increase of 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a slight curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sweet Corn Exports

Exports from Portugal

In 2022, shipments abroad of sweet corn prepared or preserved decreased by -8.6% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 40% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, preserved sweet corn exports fell to $X in 2022. The total export value increased at an average annual rate of +1.8% 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 2016 with an increase of 39%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Angola (X tons), Cabo Verde (X tons) and Morocco (X tons) were the main destinations of preserved sweet corn exports from Portugal, together comprising 69% of total exports. Mozambique, Sao Tome and Principe, Spain, Venezuela and Luxembourg lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of +120.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved sweet corn exported from Portugal were Cabo Verde ($X), Angola ($X) and Morocco ($X), together accounting for 69% of total exports. Sao Tome and Principe, Mozambique, Spain, Venezuela and Luxembourg lagged somewhat behind, together comprising a further 21%.

Venezuela, with a CAGR of +109.9%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average preserved sweet corn export price amounted to $X per ton, waning by -4.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 32%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average 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 Sao Tome and Principe ($X per ton), while the average price for exports to Spain ($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 Morocco (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into Portugal

In 2022, the amount of sweet corn prepared or preserved imported into Portugal rose remarkably to X tons, surging by 6% compared with the previous year's figure. Over the period under review, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2016 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preserved sweet corn imports rose rapidly to $X in 2022. Overall, imports, however, recorded a mild decrease. The pace of growth was the most pronounced in 2016 with an increase of 30%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main suppliers of preserved sweet corn imports to Portugal, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +15.0%), while purchases for the other leaders experienced a decline.

In value terms, Spain ($X), France ($X) and Germany ($X) were the largest preserved sweet corn suppliers to Portugal, together comprising 100% of total imports.

Germany, with a CAGR of +14.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average preserved sweet corn import price amounted to $X per ton, increasing by 5.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 17%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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