Portugal: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Portugal

In 2022, after two years of decline, there was significant growth in the Portuguese animal or vegetable fertilisers market, when its value increased by X% to $X. Overall, consumption saw prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Animal Or Vegetable Fertilisers in Portugal

In value terms, animal or vegetable fertilisers production soared to $X in 2022 estimated in export price. In general, production showed a resilient expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Animal Or Vegetable Fertilisers

Exports from Portugal

In 2022, the amount of animal or vegetable fertilisers exported from Portugal soared to X tons, rising by X% on 2021. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, animal or vegetable fertilisers exports soared to $X in 2022. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Spain (X tons) was the main destination for animal or vegetable fertilisers exports from Portugal, with a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and the Netherlands (X% per year).

In value terms, Spain ($X) remains the key foreign market for animal or vegetable fertilisers exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Angola (X% per year).

Export Prices by Country

The average animal or vegetable fertilisers export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Animal Or Vegetable Fertilisers

Imports into Portugal

Animal or vegetable fertilisers imports into Portugal stood at X tons in 2022, with an increase of X% against 2021 figures. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, animal or vegetable fertilisers imports expanded sharply to $X in 2022. Over the period under review, imports posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest animal or vegetable fertilisers supplier to Portugal, with a X% share of total imports. Moreover, animal or vegetable fertilisers imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, Spain ($X) constituted the largest supplier of animal or vegetable fertilisers to Portugal, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average animal or vegetable fertilisers import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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