Portugal: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Portugal

In 2021, the Portuguese market for liquid or compressed air and distilled or conductivity water increased by 22% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +124.5% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Portugal

In value terms, liquid air and distilled water production contracted to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.8% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 63%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Portugal

In 2021, overseas shipments of liquid or compressed air and distilled or conductivity water decreased by -32.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a perceptible curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 113%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, liquid air and distilled water exports reduced rapidly to $X in 2021. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 165% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Cabo Verde (X tons), Spain (X tons) and Guinea-Bissau (X tons) were the main destinations of liquid air and distilled water exports from Portugal, together accounting for 87% of total exports. Angola, the United States and Morocco lagged somewhat behind, together comprising a further 9%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +193.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for liquid air and distilled water exported from Portugal were Cabo Verde ($X), the United States ($X) and Guinea-Bissau ($X), with a combined 69% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +171.6%, recorded the highest rates of growth with regard to 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 export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, increasing by 6.3% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 68%. The export price peaked at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the average price for exports to Spain ($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 Angola (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Portugal

In 2021, the amount of liquid or compressed air and distilled or conductivity water imported into Portugal contracted to X tons, declining by -2.3% on the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 38%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, liquid air and distilled water imports soared to $X in 2021. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 56% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) was the main supplier of liquid air and distilled water to Portugal, accounting for a 93% share of total imports. Moreover, liquid air and distilled water imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest.

In value terms, the largest liquid air and distilled water suppliers to Portugal were Spain ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of +70.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average import price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, surging by 38% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid air and distilled water import price increased by +56.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 40% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.7%).

Source: IndexBox Platform

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