Portugal: Vegetable Product Market 2025

Vegetable Product Market Size in Portugal

In 2022, after three years of growth, there was significant decline in the Portuguese vegetable product market, when its value decreased by -9.1% to $X. Over the period under review, consumption, however, saw a prominent expansion. Vegetable product consumption peaked at $X in 2021, and then reduced in the following year.

Vegetable Product Production in Portugal

In value terms, vegetable product production rose to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 87%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The average yield of vegetable products in Portugal rose remarkably to X tons per ha in 2022, picking up by 9.7% compared with the previous year. Overall, the yield indicated resilient growth from 2012 to 2022: its figure increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable product yield decreased by -8.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48%. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average vegetable product yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of vegetable products were harvested in Portugal; remaining stable against 2021 figures. Overall, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the harvested area increased by 2.3% against the previous year. Over the period under review, the harvested area dedicated to vegetable product production attained the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Vegetable Product Exports

Exports from Portugal

Vegetable product exports from Portugal soared to X tons in 2022, jumping by 22% on 2021. Over the period under review, exports continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2014 with an increase of 148% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, vegetable product exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 135% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for vegetable product exports from Portugal, with a 71% share of total exports. Moreover, vegetable product exports to Spain exceeded the volume sent to the second major destination, Algeria (X tons), sixfold. Switzerland (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+8.1% per year) and Switzerland (+575.0% per year).

In value terms, Spain ($X) remains the key foreign market for vegetable products exports from Portugal, comprising 78% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by Switzerland, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+56.5% per year) and Switzerland (+448.6% per year).

Export Prices by Country

In 2022, the average vegetable product export price amounted to $X per ton, jumping by 42% against the previous year. In general, the export price posted prominent growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 224%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Algeria ($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 Italy (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Product Imports

Imports into Portugal

In 2022, imports of vegetable products into Portugal dropped rapidly to X tons, falling by -49.4% compared with the previous year's figure. In general, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by 126%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable product imports fell to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 246%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of vegetable product to Portugal, with a 52% share of total imports. Moreover, vegetable product imports from Chile exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Chile totaled -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-1.9% per year) and India (-2.4% per year).

In value terms, the largest vegetable product suppliers to Portugal were Spain ($X), Chile ($X) and Germany ($X), with a combined 74% share of total imports. China, India and Ukraine lagged somewhat behind, together accounting for a further 11%.

Ukraine, with a CAGR of +71.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vegetable product import price amounted to $X per ton, rising by 69% against the previous year. In general, the import price recorded a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 173% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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