Portugal - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Sardines Price in Portugal - 2023
Contents:
- Preserved Sardines Price in Portugal (FOB) - 2023
- Preserved Sardines Price in Portugal (CIF) - 2023
- Preserved Sardines Exports in Portugal
- Preserved Sardines Imports in Portugal
Preserved Sardines Price in Portugal (FOB) - 2023
In June 2023, the average preserved sardines export price amounted to $7,472 per ton, flattening at the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in August 2022 when the average export price increased by 12% month-to-month. The export price peaked at $7,524 per ton in May 2023, and then contracted slightly in the following month.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Belgium ($12,768 per ton), while the average price for exports to Spain ($6,002 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 the United States (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Sardines Price in Portugal (CIF) - 2023
The average preserved sardines import price stood at $7,218 per ton in June 2023, surging by 15% against the previous month. Over the period under review, the import price saw a prominent increase. The pace of growth was the most pronounced in July 2022 an increase of 163% against the previous month. Over the period under review, average import prices reached the maximum in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($10,814 per ton), while the price for Germany ($4,038 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 the Netherlands (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Sardines Exports in Portugal
In 2022, the amount of sardines (prepared or preserved) exported from Portugal amounted to 10K tons, standing approx. at 2021. The total export volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 26%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, preserved sardines exports declined to $67M in 2022. The total export value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year.
Export of Preserved Sardines in Portugal (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 19.8 | 22.4 | 26.6 | 26.2 | 9.8% |
United Kingdom | 5.8 | 9.2 | 7.4 | 6.9 | 6.0% |
Austria | 4.6 | 5.3 | 5.7 | 5.2 | 4.2% |
United States | 3.0 | 5.2 | 4.1 | 4.7 | 16.1% |
Belgium | 3.5 | 4.3 | 4.4 | 4.0 | 4.6% |
Spain | 1.8 | 1.7 | 2.2 | 2.7 | 14.5% |
Netherlands | 1.5 | 1.9 | 2.8 | 2.7 | 21.6% |
Hong Kong SAR | 1.2 | 1.9 | 1.3 | 1.8 | 14.5% |
Switzerland | 0.9 | 1.2 | 1.7 | 1.5 | 18.6% |
Israel | 0.7 | 0.9 | 0.8 | 1.1 | 16.3% |
Germany | 2.0 | 3.2 | 2.0 | 1.0 | -20.6% |
Macao SAR | 1.0 | 1.2 | 1.0 | 0.9 | -3.5% |
Others | 6.0 | 6.8 | 7.6 | 8.2 | 11.0% |
Total | 51.7 | 65.1 | 67.4 | 66.9 | 9.0% |
Top Export Markets for Preserved Sardines from Portugal in 2022:
- France (4768.2 tons)
- United Kingdom (1059.8 tons)
- United States (603.7 tons)
- Belgium (526.4 tons)
- Spain (515.7 tons)
- Austria (422.8 tons)
- Netherlands (360.3 tons)
- Hong Kong SAR (278.6 tons)
- Switzerland (249.1 tons)
- Israel (221.9 tons)
- Macao SAR (144.4 tons)
- Germany (112.7 tons)
Preserved Sardines Imports in Portugal
In 2022, overseas purchases of sardines (prepared or preserved) decreased by -13.4% to 1.5K tons, falling for the second year in a row after two years of growth. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.0% 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 decreased by -14.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 64% against the previous year. As a result, imports attained the peak of 1.8K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, preserved sardines imports contracted notably to $5.1M in 2022. Overall, imports, however, continue to indicate a slight increase. The pace of growth was the most pronounced in 2020 when imports increased by 85%. As a result, imports attained the peak of $9.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Preserved Sardines in Portugal (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 3.1 | 4.8 | 3.5 | 2.2 | -10.8% |
Netherlands | N/A | 1.6 | 0.8 | 1.4 | -6.5% |
Morocco | 1.0 | 1.4 | 1.9 | 1.4 | 11.9% |
Germany | 0.6 | 0.1 | 0.1 | 0.1 | -45.0% |
United Kingdom | 0.1 | 0.7 | N/A | N/A | 600.0% |
France | 0.1 | 0.5 | 0.1 | N/A | 0.0% |
Others | N/A | 0.1 | N/A | N/A | 0% |
Total | 5.0 | 9.2 | 6.4 | 5.1 | 0.7% |
Top Suppliers of Preserved Sardines to Portugal in 2022:
- Netherlands (659.7 tons)
- Spain (479.0 tons)
- Morocco (352.7 tons)
- Germany (25.1 tons)
- France (5.9 tons)
This report provides an in-depth analysis of the preserved sardines 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:
- Prodcom 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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