Oats market in Portugal

Earlier Report Observations

The volume of the oats market in Portugal exhibited considerable volatility from 2018 to 2023, starting at 63 thousand tons. A decline to 53 thousand tons in 2019 occurred alongside a nearly 300% increase in oat exports over the preceding two years, which redirected a significant portion of domestic supply abroad. The market recovered to 63 thousand tons in 2020, fueled by a 26% surge in demand for oat-based plant beverages within Portugal and a broader European trend where consumption of such drinks rose by 50%, with major dairy producers entering the segment to capitalize on this growth.

A sharp and sustained downturn followed from 2021 onward. Market volume dropped to 56 thousand tons in 2021 and then contracted severely to 36 thousand tons in 2022 and 33 thousand tons in 2023. This was primarily due to a collapse in domestic oat production, which fell from 39 thousand tons to 15 thousand tons over the same period. Although import levels remained notable, they were insufficient to offset the drastic reduction in local output, leading to a much smaller overall market.

Production oats in Portugal

In kind, 2018-2021, t

Top producers of oats, 2018-2021

World map of production of oats, 2018-2021

Portugal's oats production has declined for the third consecutive year. In 2021, the country produced 39 380 tonnes of oats, representing a 19.0% decrease compared to the previous year. Over the period from 2018 to 2021, production fell by 31.8%, with a compound annual growth rate of -12.0%.

Annual dynamics of production in Portugal in kind, 2018-2021, t

Exports oats from Portugal

Exports in kind, t

The market showed an unstable trend throughout this period. Exports reached their lowest point in 2021 at 1 951 tonnes, marking a 25.1% year-over-year contraction. The peak was recorded in 2019 with 7 799 tonnes, resulting in a fourfold difference between these years. The largest decline occurred in 2020 at 66.6%, while the largest increase was in 2019 at 116.5%.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, t

From 2018 to 2021, Spain remained the overwhelmingly dominant buyer of oats from Portugal, accounting for 99.1% of total exports in kind.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

Market behavior was characterized by volatility during these years. Exports hit their lowest point in 2020 at 631 thousand US dollars and peaked in 2019 at 1 839 thousand US dollars, creating a 2.9-fold gap. In 2021, Portugal exported 671 thousand US dollars worth of oats, showing a 6.3% increase compared to the previous year. The largest decline was in 2020 at 65.7%, and the largest increase was in 2019 at 113.5%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

From 2018 to 2021, Spain clearly dominated as the primary buyer of oats from Portugal, representing 98.0% of total exports in value terms.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports oats to Portugal

Imports in kind, t

Oats imports into Portugal increased for the third consecutive year. In 2021, the country imported approximately 19 025 tonnes of oats, which is 12.8% more than in 2020. Between 2018 and 2021, imports grew by 107.1%, equating to an annualized rate of 27.5%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, t

Throughout 2018 to 2021, imports in kind were heavily focused on Spain, which accounted for 90.8% of total flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

The market exhibited an unstable trend during this timeframe. Imports dropped to their minimum in 2019 at 2 621 thousand US dollars and climbed to their maximum in 2021 at 6 205 thousand US dollars, representing a 2.4-fold shift. In 2021, the volume of oats imports into Portugal totaled 6 205 thousand US dollars, equivalent to a dramatic 32.5% increase relative to the prior year. The largest decline was recorded in 2019 at 5.3%, while the largest increase occurred in 2020 at 78.7%.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

From 2018 to 2021, Spain consistently accounted for 86.7% of total imports in value terms, indicating a high concentration on this market, with the remainder shared among other countries.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021