Portugal: Ether Market 2024

Ether Market Size in Portugal

The Portuguese ether market contracted sharply to $X in 2022, which is down by -15.7% against the previous year. Overall, consumption recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ether Production in Portugal

In value terms, ether production dropped to $X in 2022 estimated in export price. In general, production showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Ether production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Ether Exports

Exports from Portugal

In 2022, approx. X tons of ethers were exported from Portugal; declining by -54.3% compared with 2021 figures. Overall, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 2,994%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ether exports contracted remarkably to $X in 2022. In general, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 921%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for ether exports from Portugal, with a 70% share of total exports. Moreover, ether exports to Spain exceeded the volume sent to the second major destination, Algeria (X tons), sevenfold. The third position in this ranking was taken by Angola (X tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled -45.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+75.6% per year) and Angola (-7.5% per year).

In value terms, Spain ($X) remains the key foreign market for ethers exports from Portugal, comprising 54% of total exports. The second position in the ranking was taken by Angola ($X), with an 18% share of total exports. It was followed by Algeria, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled -38.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+5.8% per year) and Algeria (+61.2% per year).

Export Prices by Country

In 2022, the average ether export price amounted to $X per ton, growing by 38% against the previous year. In general, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 496% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Mozambique ($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 Angola (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ether Imports

Imports into Portugal

Ether imports into Portugal reduced dramatically to X tons in 2022, declining by -26.5% compared with the previous year. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 44%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ether imports dropped modestly to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 69% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of ether to Portugal, with a 76% share of total imports. Moreover, ether imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. The third position in this ranking was taken by Belgium (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.9% per year) and Belgium (+20.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of ethers to Portugal, comprising 63% of total imports. The second position in the ranking was taken by Spain ($X), with a 13% share of total imports. It was followed by Belgium, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+3.3% per year) and Belgium (+19.3% per year).

Import Prices by Country

In 2022, the average ether import price amounted to $X per ton, growing by 35% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ether import price increased by +98.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 36% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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