Non-Liquid Margarine Price in Portugal - 2023
Contents:
- Non-Liquid Margarine Price in Portugal (FOB) - 2023
- Non-Liquid Margarine Price in Portugal (CIF) - 2023
- Non-Liquid Margarine Exports in Portugal
- Non-Liquid Margarine Imports in Portugal
Non-Liquid Margarine Price in Portugal (FOB) - 2023
The average non-liquid margarine export price stood at $2,410 per ton in June 2023, therefore, remained relatively stable against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in July 2022 an increase of 27% month-to-month. Over the period under review, the average export prices hit record highs at $2,660 per ton in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Cabo Verde ($4,656 per ton), while the average price for exports to France ($1,855 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cabo Verde (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Price in Portugal (CIF) - 2023
In June 2023, the average non-liquid margarine import price amounted to $2,126 per ton, stabilizing at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 7.8% m-o-m. Over the period under review, average import prices hit record highs at $2,145 per ton in January 2023; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($3,239 per ton), while the price for Denmark ($1,936 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Exports in Portugal
In 2022, exports of non-liquid margarine from Portugal soared to 26K tons, increasing by 38% on the previous year. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 368% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, non-liquid margarine exports skyrocketed to $62M in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 392%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Non-Liquid Margarine in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.5 | 0.2 | 23.2 | 36.2 | 100.4% |
| France | 5.0 | 0.2 | 3.1 | 12.0 | 33.9% |
| United Kingdom | 2.6 | 0.9 | 1.8 | 4.3 | 18.3% |
| Netherlands | 0.9 | 0.8 | 0.6 | 4.0 | 64.4% |
| Cabo Verde | 1.1 | 1.3 | 1.4 | 1.7 | 15.6% |
| Austria | 5.7 | 0.3 | 0.3 | 0.6 | -52.8% |
| Germany | 6.3 | 1.1 | 0.7 | 0.4 | -60.1% |
| Belgium | 5.2 | N/A | N/A | N/A | 0% |
| Others | 2.4 | 1.9 | 1.6 | 2.4 | 0.0% |
| Total | 33.7 | 6.6 | 32.6 | 61.7 | 22.3% |
Top Export Markets for Non-Liquid Margarine from Portugal in 2022:
- Belgium (undefinedK tons)
- Spain (14.9K tons)
- France (5.4K tons)
- United Kingdom (2.5K tons)
- Netherlands (1.4K tons)
- Cabo Verde (0.5K tons)
- Austria (0.2K tons)
- Germany (0.2K tons)
Non-Liquid Margarine Imports in Portugal
In 2022, the amount of non-liquid margarine imported into Portugal totaled 16K tons, increasing by 1.5% against the year before. In general, imports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 7.9%.
In value terms, non-liquid margarine imports soared to $29M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Non-Liquid Margarine in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 12.8 | 12.3 | 17.7 | 21.3 | 18.5% |
| Italy | 0.2 | 0.1 | 2.3 | 3.3 | 154.6% |
| Germany | 2.4 | 1.8 | 1.6 | 2.1 | -4.4% |
| Denmark | 3.0 | 2.6 | 0.6 | 0.9 | -33.1% |
| Netherlands | 2.6 | 2.1 | 2.3 | 0.6 | -38.7% |
| Belgium | 1.2 | 0.4 | 0.2 | 0.2 | -45.0% |
| Others | 0.5 | 0.2 | 0.2 | 0.4 | -7.2% |
| Total | 22.7 | 19.5 | 24.9 | 28.7 | 8.1% |
Top Suppliers of Non-Liquid Margarine to Portugal in 2022:
- Spain (11.7K tons)
- Italy (1.9K tons)
- Germany (1.0K tons)
- Denmark (0.5K tons)
- Netherlands (0.2K tons)
- Belgium (0.1K tons)
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