Portugal: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Portugal

The Portuguese market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021, rising by 44% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.4% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Portugal

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021 estimated in export price. In general, production showed a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 131% against the previous year. Over the period under review, production of reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Portugal

In 2021, the amount of acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Portugal soared to X tons, picking up by 25% compared with the previous year's figure. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 50%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. In general, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Spain (X tons) and Israel (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Portugal, together accounting for 60% of total exports. The UK, Germany, Mozambique, Angola and the Netherlands lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +107.4%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Israel ($X) were the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Portugal worldwide, with a combined 61% share of total exports. These countries were followed by the UK, Germany, Angola, Mozambique and the Netherlands, which together accounted for a further 27%.

In terms of the main countries of destination, Germany, with a CAGR of +97.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, picking up by 24% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Germany ($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 the Netherlands (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Portugal

In 2021, the amount of acrylic polymers, in primary forms (excluding polymethyl methacrylate) imported into Portugal surged to X tons, growing by 18% compared with the previous year's figure. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.0% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.9% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Portugal, accounting for a 40% share of total imports. Moreover, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.3% per year) and France (+7.0% per year).

In value terms, Germany ($X) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Portugal, comprising 38% of total imports. The second position in the ranking was taken by Spain ($X), with an 18% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.8% per year) and France (+5.2% per year).

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, with an increase of 28% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform