Key Market Indicators
Portugal's grain production is projected to decline to approximately 1 million metric tons by 2028, down from its current level of around 1.06 million metric tons in 2023. This represents a year-on-year decrease of 0.9%, based on the compound annual growth rate (CAGR). Historically, Portuguese grain supply has been on a downward trend, decreasing by 1% each year since 1966. In the global rankings for 2023, Portugal was positioned at number 104. Sierra Leone surpassed Portugal with a production of 1.06 million metric tons. Meanwhile, the top spots in grain production were occupied by the United States, India, and Brazil, which held the second, third, and fourth positions respectively.
