Portugal: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Portugal

In 2022, the Portuguese market for compounds with other nitrogen function (excluding isocyanates) increased by 205% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Portugal

In 2022, approx. X tons of compounds with other nitrogen function (excluding isocyanates) were exported from Portugal; waning by -52.7% on the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 27,025%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, compounds with other nitrogen function exports reduced rapidly to $X in 2022. Overall, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 with an increase of 29,801% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for compounds with other nitrogen function exports from Portugal, accounting for a 64% share of total exports. Moreover, compounds with other nitrogen function exports to Spain exceeded the volume sent to the second major destination, Ukraine (X kg), fourfold. The third position in this ranking was held by Mozambique (X kg), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Mozambique (-17.7% per year).

In value terms, Spain ($X) remains the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from Portugal, comprising 80% of total exports. The second position in the ranking was held by Ukraine ($X), with a 9.2% share of total exports. It was followed by Mozambique, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Mozambique (-10.9% per year).

Export Prices by Country

In 2022, the average export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, rising by 62% against the previous year. Over the period under review, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 196% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($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 Spain (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Portugal

In 2022, compounds with other nitrogen function imports into Portugal surged to X tons, jumping by 232% compared with the previous year. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function imports soared to $X in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of compounds with other nitrogen function to Portugal, with a 54% share of total imports. Moreover, compounds with other nitrogen function imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by the United States (X tons), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+70.9% per year) and the United States (+22.9% per year).

In value terms, the largest compounds with other nitrogen function suppliers to Portugal were Spain ($X), the United States ($X) and the Netherlands ($X), together comprising 77% of total imports. Germany, Italy and France lagged somewhat behind, together accounting for a further 17%.

Germany, with a CAGR of +106.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, declining by -15.3% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 61% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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