Portugal: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Portugal

In 2020, the Portuguese acyclic hydrocarbons market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a modest expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Acyclic Hydrocarbons Production in Portugal

In value terms, acyclic hydrocarbons production shrank notably to $X in 2020 estimated in export prices. In general, production continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Acyclic hydrocarbons production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Acyclic Hydrocarbons Exports

Exports from Portugal

Acyclic hydrocarbons exports from Portugal fell significantly to X tons in 2020, waning by -X% on the year before. Over the period under review, exports recorded a slight setback. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, acyclic hydrocarbons exports reduced remarkably to $X in 2020. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Sweden (X tons) and China (X tons) were the main destinations of acyclic hydrocarbons exports from Portugal, together comprising X% of total exports. These countries were followed by Mexico, Spain, Taiwan (Chinese) and Germany, which together accounted for a further X 2007 to 2020, the biggest increases were in Taiwan (Chinese) (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acyclic hydrocarbons exported from Portugal were Indonesia ($X), Sweden ($X) and China ($X), with a combined X% share of total exports. These countries were followed by Spain, Mexico, Germany and Taiwan (Chinese), which together accounted for a further X (Chinese) (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average acyclic hydrocarbons export price amounted to $X per ton, waning by -X% against the previous year. Overall, the export price recorded a perceptible contraction. The growth pace was the most rapid in 2011 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Imports

Imports into Portugal

In 2020, overseas purchases of acyclic hydrocarbons decreased by -X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons imports reduced sharply to $X in 2020. Over the period under review, imports, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), France (X tons) and Turkey (X tons) were the main suppliers of acyclic hydrocarbons imports to Portugal, together comprising X% of total imports. These countries were followed by Israel, Italy and Spain, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of acyclic hydrocarbons to Portugal, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2020, the average acyclic hydrocarbons import price amounted to $X per ton, declining by -X% against the previous year. Overall, the import price saw a noticeable decline. The pace of growth was the most pronounced in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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