Price for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Portugal - 2023

Contents:

1. Price for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Portugal (CIF) - 2023
2. Price for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Portugal (FOB) - 2023
3. Imports of Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Portugal
4. Exports of Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Portugal

Price for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Portugal (CIF) - 2023

In October 2023, the average import price for poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat amounted to $2.2 per unit, surging by 3.9% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 119% m-o-m. As a result, import price attained the peak level of $4.4 per unit. From January 2023 to October 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to -0.2% per month.

Price for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Portugal (FOB) - 2023

The average export price for poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat stood at $6.6 per unit in October 2023, rising by 40% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 63% m-o-m. The export price peaked at $7.2 per unit in October 2022; however, from November 2022 to October 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to -0.8% per month.

Imports of Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Portugal

In 2022, supplies from abroad of poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat increased by 68% to 1.2M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat surged to $7M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.4% 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 increased by +67.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g to Portugal in 2022:

1. Spain (1107.0K units)
2. Germany (87.2K units)

Exports of Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g in Portugal

For the fourth year in a row, Portugal recorded growth in overseas shipments of poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat, which increased by 7.6% to 2.1M units in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 97%. Over the period under review, the exports of poultry; live, fowls of species gallus domesticus, weighing more than 185g meat attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of poultry; live, fowls of the species gallus domesticus, weighing more than 185g meat soared to $6.9M in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 109%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Poultry; Live, Fowls of the Species Gallus Domesticus, Weighing More than 185g from Portugal in 2022:

1. Spain (2.1M units)

Source: IndexBox Market Intelligence Platform