Portugal: Dry Bean Market 2024

Dry Bean Market Size in Portugal

The Portuguese dry bean market fell slightly to $X in 2023, reducing by X% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Dry Bean Production in Portugal

In value terms, dry bean production reached $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

The average yield of beans (dry) in Portugal amounted to X kg per ha in 2023, flattening at the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The dry bean yield peaked at X kg per ha in 2021; however, from 2022 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of beans (dry) were harvested in Portugal; flattening at 2022 figures. Over the period under review, the harvested area showed a slight decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2018 to 2023, the growth of the dry bean harvested area failed to regain momentum.

Dry Bean Exports

Exports from Portugal

In 2023, after two years of decline, there was significant growth in overseas shipments of beans (dry), when their volume increased by X% to X tons. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, dry bean exports surged to $X in 2023. In general, total exports indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for dry bean exports from Portugal, accounting for a X% share of total exports. Moreover, dry bean exports to France exceeded the volume sent to the second major destination, Spain (X tons), twofold. Cabo Verde (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Cabo Verde (X% per year).

In value terms, France ($X) remains the key foreign market for beans (dry) exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with an X% share of total exports. It was followed by Cabo Verde, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Cabo Verde (X% per year).

Export Prices by Country

In 2023, the average dry bean export price amounted to $X per ton, growing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Sao Tome and Principe ($X per ton) and Switzerland ($X per ton), while the average price for exports to Spain ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Bean Imports

Imports into Portugal

Dry bean imports into Portugal rose notably to X tons in 2023, with an increase of X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, dry bean imports rose significantly to $X in 2023. Over the period under review, total imports indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Argentina (X tons) constituted the largest supplier of dry bean to Portugal, with a X% share of total imports. Moreover, dry bean imports from Argentina exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The third position in this ranking was held by Ethiopia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Argentina stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Ethiopia (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of beans (dry) to Portugal, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by Ethiopia, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Ethiopia (X% per year).

Import Prices by Country

In 2023, the average dry bean import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform