Portugal: Biodiesel Market 2024

Biodiesel Market Size in Portugal

The Portuguese biodiesel market was finally on the rise to reach $X in 2021, after eight years of decline. In general, consumption, however, recorded a abrupt curtailment. Biodiesel consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Biodiesel Production in Portugal

In value terms, biodiesel production rose sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a deep setback. Biodiesel production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Biodiesel Exports

Exports from Portugal

In 2021, shipments abroad of biodiesel decreased by -6% to X tons, falling for the third consecutive year after seven years of growth. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 4,175,031%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, biodiesel exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,536,198% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Belgium (X tons) was the main destination for biodiesel exports from Portugal, with a 61% share of total exports. Moreover, biodiesel exports to Belgium exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +36.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+11.4% per year) and France (-9.1% per year).

In value terms, Belgium ($X) emerged as the key foreign market for biodiesel exports from Portugal, comprising 65% of total exports. The second position in the ranking was held by Spain ($X), with a 24% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+14.4% per year) and France (-3.9% per year).

Export Prices by Country

In 2021, the average biodiesel export price amounted to $X per ton, growing by 49% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($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 France (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Biodiesel Imports

Imports into Portugal

In 2021, overseas purchases of biodiesel were finally on the rise to reach X tons after two years of decline. In general, imports posted a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by 7,117% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, biodiesel imports skyrocketed to $X in 2021. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 5,171% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) was the main biodiesel supplier to Portugal, accounting for a 99% share of total imports. It was followed by the Netherlands (X tons), with a 0.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +137.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.9% per year) and France (+18.8% per year).

In value terms, Spain ($X) constituted the largest supplier of biodiesel to Portugal, comprising 99% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +152.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+12.7% per year) and France (+51.6% per year).

Import Prices by Country

The average biodiesel import price stood at $X per ton in 2021, growing by 41% against the previous year. Overall, the import price enjoyed a pronounced increase. The growth pace was the most rapid in 2018 when the average import price increased by 73%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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 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 France (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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