Report Update Nov 1, 2024

Portugal - Carboxylic Acid With Alcohol, Phenol, Aldehyde or Ketone Functions - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in Portugal

In 2021, the Portuguese carboxylic acid market decreased by -14.7% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Carboxylic Acid Exports

Exports from Portugal

In 2021, approx. X tons of carboxylic acid with alcohol, phenol, aldehyde or ketone functions were exported from Portugal; rising by 34% against the year before. Overall, exports saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 113% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, carboxylic acid exports contracted dramatically to $X in 2021. In general, exports enjoyed slight growth. The pace of growth was the most pronounced in 2020 when exports increased by 278%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

Spain (X tons) was the main destination for carboxylic acid exports from Portugal, accounting for a 84% share of total exports. Moreover, carboxylic acid exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), ninefold. The third position in this ranking was held by Canada (X tons), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.4% per year) and Canada (+71.1% per year).

In value terms, Spain ($X) remains the key foreign market for carboxylic acid with alcohol, phenol, aldehyde or ketone functions exports from Portugal, comprising 61% of total exports. The second position in the ranking was held by Italy ($X), with a 19% share of total exports. It was followed by Angola, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+9.1% per year) and Angola (+11.3% per year).

Export Prices by Country

In 2021, the average carboxylic acid export price amounted to $X per ton, which is down by -66.7% against the previous year. Overall, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 an increase of 77%. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain ($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 Italy (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Carboxylic Acid Imports

Imports into Portugal

In 2021, overseas purchases of carboxylic acid with alcohol, phenol, aldehyde or ketone functions decreased by -24.4% to X tons, falling for the third year in a row after seven years of growth. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, carboxylic acid imports totaled $X in 2021. In general, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 33% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Spain (X tons) constituted the largest carboxylic acid supplier to Portugal, with a 60% share of total imports. Moreover, carboxylic acid imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.8% per year) and Germany (+2.0% per year).

In value terms, the largest carboxylic acid suppliers to Portugal were India ($X), Germany ($X) and China ($X), with a combined 77% share of total imports.

Among the main suppliers, India, with a CAGR of +59.9%, recorded the highest rates of growth with regard to 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 carboxylic acid import price stood at $X per ton in 2021, growing by 51% against the previous year. In general, the import price posted a prominent increase. The growth pace was the most rapid in 2020 an increase of 114%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carboxylic acid with alcohol, phenol, aldehyde or ketone functions in the world?

China remains the largest carboxylic acid consuming country worldwide, accounting for 21% of total volume. Moreover, carboxylic acid consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 10% share.

What are the largest producers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions in the world?

China remains the largest carboxylic acid producing country worldwide, accounting for 39% of total volume. Moreover, carboxylic acid production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by France, with a 6.9% share.

What are the leading suppliers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions to Portugal?

In value terms, Germany, China and Spain appeared to be the largest carboxylic acid suppliers to Portugal, with a combined 60% share of total imports. The United States, France, the Netherlands and Belgium lagged somewhat behind, together comprising a further 15%.

What are the leading importers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions from Portugal?

In value terms, Germany emerged as the key foreign market for carboxylic acid exports from Portugal, comprising 37% of total exports. The second position in the ranking was occupied by the UK, with an 18% share of total exports. It was followed by Spain, with a 16% share.

What is the average export price for carboxylic acid with alcohol, phenol, aldehyde or ketone functions in Portugal?

In 2020, the average carboxylic acid export price amounted to $3,859 per ton, with an increase of 140% against the previous year.

What is the average import price for carboxylic acid with alcohol, phenol, aldehyde or ketone functions in Portugal?

In 2020, the average carboxylic acid import price amounted to $3,188 per ton, surging by 13% against the previous year.

This report provides an in-depth analysis of the carboxylic acid market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143475 - Carboxylic acid with alcohol, phenol, aldehyde or ketone functions

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023