Portugal: Green Peas Market 2024

Green Peas Market Size in Portugal

The Portuguese green peas market soared to $X in 2023, rising by X% against the previous year. Overall, consumption showed a temperate expansion. As a result, consumption attained the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Green Peas Production in Portugal

In value terms, green peas production totaled $X in 2023 estimated in export price. Overall, production recorded noticeable growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

The average yield of peas (green) in Portugal surged to X tons per ha in 2023, with an increase of X% compared with the year before. Over the period under review, the yield, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the yield increased by X%. The green peas yield peaked at X tons per ha in 2015; however, from 2016 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of peas (green) production in Portugal expanded notably to X ha, picking up by X% on 2022. Over the period under review, the harvested area recorded strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to green peas production reached the peak figure at X ha in 2021; however, from 2022 to 2023, the harvested area remained at a lower figure.

Green Peas Exports

Exports from Portugal

In 2023, the amount of peas (green) exported from Portugal soared to X tons, rising by X% compared with 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, green peas exports skyrocketed to $X in 2023. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Denmark (X tons), Spain (X tons) and Brazil (X tons) were the main destinations of green peas exports from Portugal, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) remains the key foreign market for peas (green) exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Brazil, with an X% share.

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

Export Prices by Country

The average green peas export price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price showed a mild curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced mixed trend patterns.

Green Peas Imports

Imports into Portugal

In 2023, overseas purchases of peas (green) increased by X% to X tons, rising for the fifth year in a row after five years of decline. Overall, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, green peas imports soared to $X in 2023. Over the period under review, imports showed a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Poland (X tons) and France (X tons) were the main suppliers of green peas imports to Portugal, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Poland ($X) and France ($X) constituted the largest green peas suppliers to Portugal, with a combined X% share of total imports.

Among the main suppliers, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average green peas import price stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price showed a deep reduction. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the average import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform