Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Portugal - 2023
Contents:
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Portugal (CIF) - 2022
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Portugal (FOB) - 2022
- Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Portugal
- Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Portugal
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Portugal (CIF) - 2022
In 2022, the average import price for edible products of animal origin; not elsewhere specified or includeds amounted to $2,553 per ton, dropping by -25.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2017 an increase of 49%. The import price peaked at $4,619 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($13,995 per ton), while the price for Spain ($2,008 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Portugal (FOB) - 2022
The average export price for edible products of animal origin; not elsewhere specified or includeds stood at $6,689 per ton in 2022, increasing by 126% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 239% against the previous year. Over the period under review, the average export prices reached the maximum at $17,630 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($7,176 per ton), while the average price for exports to Guinea-Bissau totaled $2,084 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.4%), while the prices for the other major destinations experienced a decline.
Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Portugal
In 2022, the amount of edible products of animal origin; not elsewhere specified or includeds imported into Portugal skyrocketed to 326 tons, picking up by 61% against the previous year's figure. Overall, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of edible products of animal origin; not elsewhere specified or includeds skyrocketed to $832K in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 625 | 384 | 535 | 592 | -1.8% |
| France | 0.7 | N/A | 0.6 | 144 | 490.3% |
| Italy | 0.3 | 0.6 | 29.7 | 70.0 | 515.6% |
| Others | 138 | 125 | 127 | 26.8 | -42.1% |
| Total | 764 | 510 | 693 | 832 | 2.9% |
Top Suppliers of Edible Products of Animal Origin; Not Elsewhere Specified or Included to Portugal in 2022:
- Spain (294.6 tons)
- France (24.1 tons)
- Italy (5.0 tons)
Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Portugal
After three years of growth, overseas shipments of edible products of animal origin; not elsewhere specified or includeds decreased by -90.5% to 5.2 tons in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,740%. As a result, the exports reached the peak of 54 tons, and then shrank sharply in the following year.
In value terms, exports of edible products of animal origin; not elsewhere specified or includeds shrank dramatically to $35K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 716% against the previous year. As a result, the exports reached the peak of $160K, and then dropped dramatically in the following year.
| Export of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.9 | 8.0 | 5.6 | 32.1 | 75.9% |
| Guinea-Bissau | N/A | 3.4 | 5.9 | 1.3 | -38.2% |
| Germany | N/A | N/A | 141 | N/A | 0% |
| Italy | 1.2 | 6.5 | 1.5 | N/A | 11.8% |
| Others | 0.1 | 1.8 | 6.6 | 1.1 | 122.4% |
| Total | 7.2 | 19.6 | 160 | 34.6 | 68.8% |
Top Export Markets for Edible Products of Animal Origin; Not Elsewhere Specified or Included from Portugal in 2022:
- Spain (4.5 tons)
- Guinea-Bissau (0.6 tons)
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