Portugal: Yams Market 2024

Yams Market Size in Portugal

The Portuguese yams market stood at $X in 2022, approximately reflecting the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Yams Production in Portugal

In value terms, yams production stood at $X in 2022 estimated in export price. In general, production showed a mild curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 117% against the previous year. Yams production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The average yield of yams in Portugal was estimated at X tons per ha in 2022, approximately reflecting the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the yield increased by 2.6% against the previous year. The yams yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood 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, the yams harvested area in Portugal declined slightly to X ha, therefore, remained relatively stable against 2021. The harvested area increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 12% against the previous year. Over the period under review, the harvested area dedicated to yams production reached the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Yams Exports

Exports from Portugal

Yams exports from Portugal declined markedly to X tons in 2022, falling by -54.1% compared with the previous year's figure. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 2,006% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, yams exports shrank notably to $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 2,058%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Cabo Verde (X tons) and Canada (X tons) were the main destinations of yams exports from Portugal, with a combined 89% share of total exports. The UK and Luxembourg lagged somewhat behind, together accounting for a further 9.8%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg (with a CAGR of +79.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for yams exports from Portugal, comprising 55% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a 26% share of total exports. It was followed by the UK, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+47.9% per year) and the UK (+8.9% per year).

Export Prices by Country

The average yams export price stood at $X per ton in 2022, growing by 41% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 120% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the UK ($X per ton), while the average price for exports to Canada ($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 United States (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Yams Imports

Imports into Portugal

In 2022, approx. X tons of yams were imported into Portugal; which is down by -28.2% against the previous year's figure. Overall, imports, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2021 with an increase of 201%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, yams imports totaled $X in 2022. In general, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 132%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of yams to Portugal, accounting for a 78% share of total imports. Moreover, yams imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +10.5%.

In value terms, Spain ($X) constituted the largest supplier of yams to Portugal, comprising 84% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +18.1%.

Import Prices by Country

The average yams import price stood at $X per ton in 2022, surging by 43% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat 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 the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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