Portugal: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Portugal

In 2021, the Portuguese industrial monocarboxylic fatty acids market decreased by -13.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a slight decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Industrial Monocarboxylic Fatty Acids in Portugal

In value terms, industrial monocarboxylic fatty acids production fell to $X in 2021 estimated in export price. Over the period under review, production saw a mild curtailment. The pace of growth was the most pronounced in 2016 with an increase of 68% against the previous year. Industrial monocarboxylic fatty acids production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Portugal

In 2021, overseas shipments of industrial monocarboxylic fatty acids were finally on the rise to reach X tons after three years of decline. Overall, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2014 with an increase of 276% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2021. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 195%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Angola (X tons) was the main destination for industrial monocarboxylic fatty acids exports from Portugal, accounting for a 62% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to Angola exceeded the volume sent to the second major destination, South Africa (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Angola amounted to +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+60.5% per year) and Spain (+13.7% per year).

In value terms, Angola ($X) remains the key foreign market for industrial monocarboxylic fatty acids exports from Portugal, comprising 70% of total exports. The second position in the ranking was taken by Spain ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola totaled +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+4.1% per year) and South Africa (+80.1% per year).

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, increasing by 14% against the previous year. In general, the export price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 35%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to South Africa ($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 (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Portugal

After two years of growth, overseas purchases of industrial monocarboxylic fatty acids decreased by -27.8% to X tons in 2021. Over the period under review, imports showed a mild curtailment. The pace of growth was the most pronounced in 2020 with an increase of 136%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids imports rose notably to $X in 2021. Overall, imports saw a perceptible slump. The growth pace was the most rapid in 2020 when imports increased by 121%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Argentina (X tons) and Morocco (X tons) were the main suppliers of industrial monocarboxylic fatty acids imports to Portugal, together accounting for 64% of total imports. These countries were followed by Tunisia, Germany, Cote d'Ivoire, the Netherlands and Belgium, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Tunisia (with a CAGR of +2,877.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Portugal, comprising 34% of total imports. The second position in the ranking was taken by Argentina ($X), with a 16% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+63.4% per year) and Germany (+7.3% per year).

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, jumping by 47% against the previous year. In general, the import price, however, showed a slight descent. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :