Portugal: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Portugal

The Portuguese anti-freezing preparations market expanded notably to $X in 2021, surging by 11% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.3% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Anti-Freezing Preparations Production in Portugal

In value terms, anti-freezing preparations production rose remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 73% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Anti-Freezing Preparations Exports

Exports from Portugal

In 2021, after two years of decline, there was significant growth in overseas shipments of anti-freezing preparations and prepared de-icing fluids, when their volume increased by 154% to X tons. Over the period under review, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations exports surged to $X in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Algeria (X tons), Angola (X tons) and Spain (X tons) were the main destinations of anti-freezing preparations exports from Portugal, with a combined 80% share of total exports. Cabo Verde, Mozambique, Morocco and Sao Tome and Principe lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sao Tome and Principe (with a CAGR of +81.9%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), Spain ($X) and Algeria ($X) constituted the largest markets for anti-freezing preparations exported from Portugal worldwide, together accounting for 67% of total exports. Cabo Verde, Mozambique, Morocco and Sao Tome and Principe lagged somewhat behind, together accounting for a further 27%.

In terms of the main countries of destination, Sao Tome and Principe, with a CAGR of +91.7%, saw the highest rates of growth with regard to 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

The average anti-freezing preparations export price stood at $X per ton in 2021, which is down by -26.4% against the previous year. In general, the export price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 41%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Algeria ($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 Sao Tome and Principe (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Anti-Freezing Preparations Imports

Imports into Portugal

In 2021, overseas purchases of anti-freezing preparations and prepared de-icing fluids decreased by -3.4% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 59% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, anti-freezing preparations imports soared to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 59%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of anti-freezing preparations to Portugal, with a 66% share of total imports. Moreover, anti-freezing preparations imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.3% per year) and Belgium (+0.8% per year).

In value terms, Spain ($X), Germany ($X) and Belgium ($X) appeared to be the largest anti-freezing preparations suppliers to Portugal, with a combined 88% share of total imports. Austria, the Netherlands, the UK and France lagged somewhat behind, together comprising a further 8.6%.

Among the main suppliers, Austria, with a CAGR of +27.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average anti-freezing preparations import price stood at $X per ton in 2021, surging by 22% against the previous year. In general, the import price, however, recorded a pronounced decline. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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