Report Update Nov 1, 2024

Portugal - Tomato Juice - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Tomato Juice Market 2024

Tomato Juice Market Size in Portugal

For the third year in a row, the Portuguese tomato juice market recorded decline in sales value, which decreased by -29.7% to $X in 2022. Over the period under review, consumption, however, enjoyed measured growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Tomato Juice Production in Portugal

In value terms, tomato juice production rose slightly to $X in 2022 estimated in export price. Overall, production showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 225% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Tomato Juice Exports

Exports from Portugal

In 2022, overseas shipments of tomato juice increased by 232% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato juice exports surged to $X in 2022. Overall, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by 230%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for tomato juice exports from Portugal, with a 68% share of total exports. Moreover, tomato juice exports to Saudi Arabia exceeded the volume sent to the second major destination, Angola (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +1,333.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+9.4% per year) and China (+15.0% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for tomato juice exports from Portugal, comprising 67% of total exports. The second position in the ranking was held by Spain ($X), with a 5.1% share of total exports. It was followed by Angola, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +352.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-28.0% per year) and Angola (-0.8% per year).

Export Prices by Country

In 2022, the average tomato juice export price amounted to $X per ton, waning by -4.5% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 11%. The export price peaked 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Morocco ($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 Spain (+0.4%), while the prices for the other major destinations experienced a decline.

Tomato Juice Imports

Imports into Portugal

In 2022, purchases abroad of tomato juice decreased by -25.9% to X tons, falling for the third year in a row after three years of growth. In general, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2015 with an increase of 53% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, tomato juice imports declined sharply to $X in 2022. Over the period under review, imports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2017 when imports increased by 33%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) was the main supplier of tomato juice to Portugal, with a 93% share of total imports. Moreover, tomato juice imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +9.0%.

In value terms, Spain ($X) constituted the largest supplier of tomato juice to Portugal, comprising 91% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +13.1%.

Import Prices by Country

In 2022, the average tomato juice import price amounted to $X per ton, rising by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 an increase of 14%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tomato juice in the world?

The countries with the highest volumes of tomato juice consumption in 2021 were Russia, India and Japan, together comprising 53% of global consumption.

What are the largest producers of tomato juice in the world?

The countries with the highest volumes of tomato juice production in 2021 were Russia, India and Japan, with a combined 52% share of global production. Canada, Spain, France, the UK, Italy, Afghanistan, China, Turkey and Kenya lagged somewhat behind, together accounting for a further 32%.

What are the leading suppliers of tomato juice to Portugal?

In value terms, Spain constituted the largest supplier of tomato juice to Portugal, comprising 93% of total imports. The second position in the ranking was occupied by Germany, with a 3% share of total imports.

What are the leading importers of tomato juice from Portugal?

In value terms, the largest markets for tomato juice exported from Portugal were China, the United States and Angola, together comprising 52% of total exports. These countries were followed by Cabo Verde, Saint Maarten Dutch part), French Polynesia, Switzerland and Japan, which together accounted for a further 34%.

What is the average export price for tomato juice in Portugal?

In 2021, the average tomato juice export price amounted to $837 per ton, shrinking by -3% against the previous year.

What is the average import price for tomato juice in Portugal?

In 2021, the average tomato juice import price amounted to $850 per ton, growing by 4.6% against the previous year.

This report provides an in-depth analysis of the tomato juice market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 390 - Juice of Tomatoes

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023