Viseu, Portugal, Feb. 27, 2025 (Lusa) - Portugal increased the volume of wine exports to Brazil by 10.6% in 2024, compared to 2023, while the average price fell by 2.8%, the minister of agriculture and fisheries told Lusa news agency on Thursday.
"2024 was an excellent year for Portugal as far as wine is concerned. However, we still want to increase exports in this area," José Manuel Fernandes told Lusa.
In other words, he specified, 28.6 million litres were exported to Brazil in 2024, worth €85.9 million at an average price of €3 per litre.
Compared to 2023, and according to a document sent to the Lusa news agency, 2024 saw an increase in volume of 10.6%; an increase in value of 7.6% and a fall in the average price of 2.8%.
The minister justified this increase in exports by the "great effort that has been made to reduce the existing obstacles" with the Brazilian government and, to this end, a protocol was signed "to strengthen cooperation" and "exchange technicians" between the two countries.
Following the signing, which took place at the 14th Luso-Brazilian Summit on 19 and 20 February, the two countries have 30 days to "identify focal points so that, if there are any difficulties or obstacles, they can be resolved or removed".
"This protocol is also aimed at continuing to increase wine exports" to Brazil, acknowledged José Manuel Fernandes.
According to the document published by the Lusa news agency, in 2024, Portugal's total wine exports were 347 million litres, worth €966 million, with an average price of €2.79 per litre.
As a result, Portugal recorded growth in volume of 8.7%; growth in value of 4.5% with a drop in average price of 3.9%.
"The behaviour of the two markets underpins these figures: the EU: growth in volume (+9.7%), value (+2.9%) and a drop in the average price (-6.2%) and third countries: growth in volume (+7.9%) and value (+5.7%) and a drop in the average price (-2.0%)," the note states.
The top five countries in terms of export volume are Angola, France, Brazil, Spain and the United States of America (USA).
In terms of value, in the same year, France, the USA, Brazil, the UK and the Netherlands accounted for 44.3% of the total value exported by Portugal.
Brazil is the third largest market for Portuguese wines. Portuguese wines in Brazil have the third largest market share in total wine consumption, after Chile (in first place) and Argentina (in second).
IYN/ADB // ADB.
Lusa
