Maize Market in Portugal
Market Overview
In 
, the Portuguese maize market increased by % to $, rising for the second year in a row after four years of decline. In general, consumption saw resilient growth. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. As a result, consumption reached the peak level of $; afterwards, it flattened through to .
, the Portuguese maize market increased by % to $, rising for the second year in a row after four years of decline. In general, consumption saw resilient growth. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. As a result, consumption reached the peak level of $; afterwards, it flattened through to .Consumption
In , consumption of maize (green) increased by % to tonnes, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a strong increase. The pace of growth was the most pronounced in 2014 when the consumption volume increased by % against the previous year. As a result, consumption attained the peak volume of tonnes. from 2015 to , the growth of the consumption failed to regain the momentum.
The size of the maize market in Portugal surged to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption attained the peak level of $; afterwards, it flattened through to .
, consumption of maize (green) increased by % to tonnes, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a strong increase. The pace of growth was the most pronounced in 2014 when the consumption volume increased by % against the previous year. As a result, consumption attained the peak volume of tonnes. from 2015 to , the growth of the consumption failed to regain the momentum.The size of the maize market in Portugal surged to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption attained the peak level of $; afterwards, it flattened through to .Market Forecast
Driven by increasing demand for maize in Portugal, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Trade Balance
Portugal remains a net importer of maize; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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