Report Update Nov 1, 2024

Portugal - Cumene - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Cumene Market 2024

Cumene Market Size in Portugal

In 2021, after two years of decline, there was growth in the Portuguese cumene market, when its value increased by 4.4% to $X. Over the period under review, consumption saw a perceptible reduction. Cumene consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Cumene Production in Portugal

In value terms, cumene production rose rapidly to $X in 2021 estimated in export price. In general, production saw a deep setback. The growth pace was the most rapid in 2017 when the production volume increased by 20%. Cumene production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Cumene Exports

Exports from Portugal

In 2019, cumene exports from Portugal rose remarkably to X tons, growing by 5.9% on the previous year's figure. Over the period under review, exports, however, faced a dramatic curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 5.9% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, cumene exports expanded remarkably to $X in 2019. Overall, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 12% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for cumene exports from Portugal, with a approx. 99.9% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to the Netherlands stood at -22.0%.

In value terms, the Netherlands ($X) also remains the key foreign market for cumene exports from Portugal.

From 2012 to 2019, the average annual rate of growth in terms of value to the Netherlands stood at -18.0%.

Export Prices by Country

In 2019, the average cumene export price amounted to $X per ton, with an increase of 5.5% against the previous year. Over the last seven-year period, it increased at an average annual rate of +5.2%. The pace of growth appeared the most rapid in 2014 an increase of 5.5%. Over the period under review, the average export prices reached the peak figure in 2019 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2019, the rate of growth in terms of prices for the Netherlands amounted to +5.2% per year.

Cumene Imports

Imports into Portugal

In 2021, approx. X kg of cumene were imported into Portugal; shrinking by -96.3% against the previous year's figure. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of 4,471% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, cumene imports surged to $X in 2021. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 2,718%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X kg) was the main cumene supplier to Portugal, accounting for a 99% share of total imports. It was followed by Belgium (X kg), with a 0.5% share of total imports.

From 2014 to 2021, the average annual rate of growth in terms of volume from Spain stood at -96.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-28.2% per year) and Germany (-98.1% per year).

In value terms, Spain ($X) constituted the largest supplier of cumene to Portugal, comprising 100% of total imports. The second position in the ranking was held by Germany ($X), with a 0.3% share of total imports.

From 2014 to 2021, the average annual rate of growth in terms of value from Spain totaled +74.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-95.9% per year) and Belgium (+32.2% per year).

Import Prices by Country

In 2021, the average cumene import price amounted to $X per ton, jumping by 4,574% against the previous year. Overall, the import price continues to indicate significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4,595.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cumene in the world?

The countries with the highest volumes of cumene consumption in 2021 were Belgium, China and Japan, together comprising 73% of global consumption. These countries were followed by the United States, Singapore, Brazil and Germany, which together accounted for a further 21%.

What are the largest producers of cumene in the world?

The countries with the highest volumes of cumene production in 2021 were the Netherlands, Japan and Singapore, with a combined 78% share of global production. The United States, Germany, Russia and Portugal lagged somewhat behind, together comprising a further 19%.

What are the leading suppliers of cumene to Portugal?

In value terms, Spain constituted the largest supplier of cumene to Portugal.

What are the leading importers of cumene from Portugal?

In value terms, the Netherlands remains the key foreign market for cumene exports from Portugal.

What is the average export price for cumene in Portugal?

In 2019, the average cumene export price amounted to $58 per ton, with a decrease of -19.9% against the previous year.

What is the average import price for cumene in Portugal?

In 2021, the average cumene import price amounted to $1,325 per ton, growing by 13% against the previous year.

This report provides an in-depth analysis of the cumene 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 20141270 - Cumene

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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