Portugal: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Portugal

The Portuguese halogenated hydrocarbon derivative market expanded significantly to $X in 2022, picking up by 6.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.2% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Halogenated Hydrocarbon Derivative Exports

Exports from Portugal

In 2022, approx. X tons of halogenated derivatives of hydrocarbons were exported from Portugal; waning by -74.3% compared with the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 379% against the previous year. As a result, the exports attained the peak of X tons, and then fell notably in the following year.

In value terms, halogenated hydrocarbon derivative exports shrank significantly to $X in 2022. In general, exports, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2021 with an increase of 143% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Spain (X tons), Mexico (X tons) and Lebanon (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Portugal, together accounting for 64% of total exports.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of +273.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Portugal were Spain ($X), Mexico ($X) and France ($X), with a combined 77% share of total exports.

France, with a CAGR of +158.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, increasing by 29% against the previous year. In general, the export price showed a tangible expansion. The most prominent rate of growth was recorded in 2018 an increase of 104%. As a result, the export price attained the peak level of $X per ton. From 2019 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 ($X per ton), while the average price for exports to Argentina ($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 Argentina (+71.5%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Portugal

In 2022, imports of halogenated derivatives of hydrocarbons into Portugal fell to X tons, with a decrease of -8.3% on the previous year. Overall, imports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 19%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports expanded markedly to $X in 2022. Over the period under review, imports, however, recorded a perceptible increase. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest halogenated hydrocarbon derivative supplier to Portugal, accounting for a 90% share of total imports. Moreover, halogenated hydrocarbon derivative imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Japan (X tons), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.6% per year) and Japan (0.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Portugal, comprising 87% of total imports. The second position in the ranking was held by the United States ($X), with a 4.2% share of total imports. It was followed by Spain, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.6% per year) and Spain (+6.7% per year).

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, rising by 24% against the previous year. In general, the import price posted a remarkable increase. The growth pace was the most rapid in 2021 an increase of 82%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($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 (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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