Prepared or preserved groundnuts market in Portugal

Earlier Report Observations

From 2018 to 2019, the market volume for prepared or preserved groundnuts in Portugal remained stable at around 6 500 t. During this period, initial investments in domestic peanut cultivation began, with PepsiCo promoting the crop in the Ribatejo region's irrigated areas to reduce European import dependency.

Market volume grew significantly from 2020 to 2022, peaking at over 12 000 t. This expansion was driven by the entry of new players like Veracruz, which planned a factory to add value to local produce, and major investments in irrigated zones such as Alqueva. These moves, motivated by rising international demand and prices, enlarged planted area and boosted national output. Shifting consumer preferences towards natural, sustainable products and single-serve packaging further stimulated demand.

In 2023, market volume fell to 8 897 t, though investment in processing capacity and value-addition continued, with Veracruz strengthening the supply chain. Consumer demand for innovative flavors and premium packaging supported market value, which rose to 21.3 million $.

Production prepared or preserved groundnuts in Portugal

In value, 2018-2021, K $ US

In 2021, Portugal's output of prepared or preserved groundnuts was valued at 12 616 K $ US, down 1.3% from 2020. The minimum value was recorded in 2019 at 11 429 K $ US, with the largest decline that year of 16.3%. The largest increase occurred in 2020 at 11.8%. Between 2018 and 2021, production decreased by 7.7%, equating to an annualized rate of 2.6%.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

In kind, 2018-2021, t

From 2018 to 2021, Portugal ranked 21st globally in the production of prepared or preserved groundnuts.

Top producers of prepared or preserved groundnuts, 2018-2021

World map of production of prepared or preserved groundnuts, 2018-2021

The data shows irregular changes, indicating a volatile market environment. The minimum value was recorded in 2019 at 5 155 t, with the largest decline that year of 7.7%. In 2021, Portugal produced 9 649 t of prepared or preserved groundnuts, marking a 74.7% year-over-year rise. The period recorded a trough in 2019 and a peak in 2021, showing a 1.9-fold difference.

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

Exports prepared or preserved groundnuts from Portugal

Exports in kind, t

Portugal's export volume of prepared or preserved groundnuts declined for the third consecutive year. In 2021, Portugal exported 410 t, amounting to a 55.6% year-over-year drop. Between 2018 and 2021, exports decreased by 74.3%, equating to an annualized rate of 36.4%.

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

From 2018 to 2021, Spain and France played the leading roles in exports in kind, with a combined share of 81.8% of total flows, while the remaining share was dispersed among other countries.

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

Prepared or preserved groundnuts shipments from Portugal declined for the third consecutive year. In 2021, Portugal exported 1 229 K $ US, equivalent to a dramatic 43.1% drop compared to the previous year. Over the period 2018-2021, exports decreased by 70.7%, with a compound annual growth rate of 33.6%.

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

From 2018 to 2021, Spain (51.5% of exports in value terms), France (20.5%), and Belgium (4.2%) were the main buyers of prepared or preserved groundnuts from Portugal, together comprising 76.2% 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 prepared or preserved groundnuts to Portugal

Imports in kind, t

In 2021, Portugal's import volume of prepared or preserved groundnuts totalled 2 602 t, marking a controlled drop of 3.7% from a year earlier. The minimum value was recorded in 2019 at 2 300 t, with the largest decline that year of 9.4%. The maximum value was recorded in 2020 at 2 704 t, with the largest increase that year of 17.6%. Over the period 2018-2021, imports increased by 2.5%, with a compound annual growth rate of 0.8%.

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

From 2018 to 2021, three principal markets — Germany, Spain, and the Netherlands — together accounted for 79.4% of total imports in kind of prepared or preserved groundnuts to Portugal.

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

In 2021, Portugal's imports of prepared or preserved groundnuts totalled 7 973 K $ US, constituting a slight reduction of 2.4% compared to the previous year. The minimum value was recorded in 2019 at 7 104 K $ US, with the largest decline that year of 14.9%. The largest increase occurred in 2020 at 15.0%. Between 2018 and 2021, imports decreased by 4.5%, equating to an annualized rate of 1.5%.

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

Throughout 2018–2021, Germany (32.8% of imports in value terms), Spain (30.4%), and the Netherlands (13.4%) formed the key group of partners for imports in value terms of prepared or preserved groundnuts to Portugal, jointly representing 76.7% of total flows.

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

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