Report Update Nov 1, 2024

Portugal - Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Acetic Acid Market 2024

Acetic Acid Market Size in Portugal

In 2021, the Portuguese acetic acid market increased by 195% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Acetic Acid Exports

Exports from Portugal

In 2021, shipments abroad of acetic acid decreased by -14.3% to X tons, falling for the fourth year in a row after six years of growth. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 1,171% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, acetic acid exports contracted sharply to $X in 2021. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 574%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for acetic acid exports from Portugal, accounting for a 58% share of total exports. Moreover, acetic acid exports to Spain exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. Mozambique (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+21.1% per year) and Mozambique (-13.5% per year).

In value terms, Spain ($X) emerged as the key foreign market for acetic acid exports from Portugal, comprising 41% of total exports. The second position in the ranking was held by Mozambique ($X), with a 20% share of total exports. It was followed by Vietnam, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (-5.6% per year) and Vietnam (+29.7% per year).

Export Prices by Country

The average acetic acid export price stood at $X per ton in 2021, with a decrease of -2.6% against the previous year. In general, the export price, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2018 an increase of 93% against the previous year. The export price peaked at $X per ton in 2020, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Acetic Acid Imports

Imports into Portugal

In 2021, after two years of decline, there was significant growth in overseas purchases of acetic acid, when their volume increased by 116% to X tons. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 1,026%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, acetic acid imports soared to $X in 2021. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 1,669%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Belgium (X tons) and Saudi Arabia (X tons) were the main suppliers of acetic acid imports to Portugal, together comprising 76% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +746.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of acetic acid to Portugal, comprising 44% of total imports. The second position in the ranking was held by Belgium ($X), with a 21% share of total imports. It was followed by Saudi Arabia, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +808.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+47.4% per year) and Saudi Arabia (0.0% per year).

Import Prices by Country

In 2021, the average acetic acid import price amounted to $X per ton, picking up by 58% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acetic acid in the world?

The country with the largest volume of acetic acid consumption was India, comprising approx. 34% of total volume. Moreover, acetic acid consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by the United States, with a 5.4% share.

What are the largest producers of acetic acid in the world?

The countries with the highest volumes of acetic acid production in 2021 were China, the United States and Malaysia, with a combined 58% share of global production. The UK, Taiwan Chinese), Russia, South Korea, Singapore, Saudi Arabia, Japan, Iran and Serbia lagged somewhat behind, together accounting for a further 31%.

What are the leading suppliers of acetic acid to Portugal?

In value terms, China constituted the largest supplier of acetic acid to Portugal, comprising 46% of total imports. The second position in the ranking was occupied by Belgium, with a 22% share of total imports. It was followed by Saudi Arabia, with a 16% share.

What are the leading importers of acetic acid from Portugal?

In value terms, the largest markets for acetic acid exported from Portugal were Spain, Mozambique and Vietnam, with a combined 76% share of total exports. Angola and France lagged somewhat behind, together accounting for a further 23%.

What is the average export price for acetic acid in Portugal?

In 2021, the average acetic acid export price amounted to $508 per ton, growing by 9.7% against the previous year.

What is the average import price for acetic acid in Portugal?

In 2021, the average acetic acid import price amounted to $1,036 per ton, rising by 41% against the previous year.

This report provides an in-depth analysis of the acetic acid market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143271 - Acetic acid

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023