Portugal: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Portugal

The Portuguese expansible polystyrene market shrank markedly to $X in 2021, dropping by -17.1% against the previous year. Overall, consumption saw a slight setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Expansible Polystyrene Production in Portugal

In value terms, expansible polystyrene production contracted significantly to $X in 2021 estimated in export price. In general, production showed a pronounced reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 57%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Expansible Polystyrene Exports

Exports from Portugal

In 2021, the amount of expansible polystyrene in primary forms exported from Portugal soared to X tons, growing by 12,621% on the previous year. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene exports soared to $X in 2021. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for expansible polystyrene exports from Portugal, accounting for a 66% share of total exports. Moreover, expansible polystyrene exports to Spain exceeded the volume sent to the second major destination, Greece (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +93.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (0.0% per year) and Italy (+636,232.7% per year).

In value terms, the largest markets for expansible polystyrene exported from Portugal were Spain ($X), Italy ($X) and Greece ($X), with a combined 93% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +584,432.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average expansible polystyrene export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2020 an increase of 173% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to France ($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 the UK (+36.0%), while the prices for the other major destinations experienced mixed trend patterns.

Expansible Polystyrene Imports

Imports into Portugal

Expansible polystyrene imports into Portugal expanded sharply to X tons in 2021, picking up by 9.3% on 2020. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.2% against 2014 indices. The growth pace was the most rapid in 2018 when imports increased by 28% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, expansible polystyrene imports skyrocketed to $X in 2021. In general, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Turkey (X tons) and France (X tons) were the main suppliers of expansible polystyrene imports to Portugal, with a combined 85% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +112.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Turkey ($X) and France ($X) constituted the largest expansible polystyrene suppliers to Portugal, with a combined 83% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +113.6%, saw the highest growth rate of 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

In 2021, the average expansible polystyrene import price amounted to $X per ton, picking up by 67% against the previous year. In general, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Spain ($X per ton) and Germany ($X per ton), while the price for the Netherlands ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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