Portugal: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Portugal

The Portuguese acyclic hydrocarbons derivatives market declined rapidly to $X in 2021, with a decrease of -21.7% against the previous year. In general, consumption recorded a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Acyclic Hydrocarbons Derivatives Production in Portugal

In value terms, acyclic hydrocarbons derivatives production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by 86% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports from Portugal

In 2021, shipments abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed significant growth. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, acyclic hydrocarbons derivatives exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 115% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for acyclic hydrocarbons derivatives exports from Portugal, with a 98% share of total exports. It was followed by Angola (X tons), with a 1.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +29.2%.

In value terms, Spain ($X) remains the key foreign market for fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exports from Portugal, comprising 93% of total exports. The second position in the ranking was taken by Angola ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +26.3%.

Export Prices by Country

The average acyclic hydrocarbons derivatives export price stood at $X per ton in 2021, shrinking by -43.3% against the previous year. Over the period under review, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then fell dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per ton), while the average price for exports to Spain amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Acyclic Hydrocarbons Derivatives Imports

Imports into Portugal

For the third consecutive year, Portugal recorded decline in purchases abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons, which decreased by -3.7% to X tons in 2021. Overall, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 38% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives imports surged to $X in 2021. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 103%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest acyclic hydrocarbons derivatives supplier to Portugal, accounting for a 50% share of total imports. Moreover, acyclic hydrocarbons derivatives imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.5% per year) and China (-6.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Portugal, comprising 64% of total imports. The second position in the ranking was held by Spain ($X), with a 23% share of total imports. It was followed by China, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.6% per year) and China (-3.7% per year).

Import Prices by Country

The average acyclic hydrocarbons derivatives import price stood at $X per ton in 2021, growing by 20% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2017 an increase of 69% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :