Portugal: Lysine Market 2024

Lysine Market Size in Portugal

The Portuguese lysine market totaled $X in 2022, picking up by 1.9% against the previous year. Overall, consumption, however, recorded a pronounced shrinkage. Lysine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Lysine Production in Portugal

In value terms, lysine production expanded markedly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 49%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lysine Exports

Exports from Portugal

In 2022, overseas shipments of lysine and its esters, and salts thereof increased by 3.7% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 254% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, lysine exports skyrocketed to $X in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 105%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Spain (X tons) was the main destination for lysine exports from Portugal, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +24.9%.

In value terms, Spain ($X) also remains the key foreign market for lysine and its esters, and salts thereof exports from Portugal.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +20.7%.

Export Prices by Country

In 2022, the average lysine export price amounted to $X per ton, surging by 34% against the previous year. In general, the export price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 39% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -3.4% per year.

Lysine Imports

Imports into Portugal

In 2022, approx. X tons of lysine and its esters, and salts thereof were imported into Portugal; declining by -9.4% compared with the year before. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.4% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 35% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, lysine imports soared to $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Indonesia (X tons) and Spain (X tons) were the main suppliers of lysine imports to Portugal, together accounting for 80% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +47.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of lysine and its esters, and salts thereof to Portugal, comprising 48% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 18% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+0.4% per year) and Spain (+5.4% per year).

Import Prices by Country

The average lysine import price stood at $X per ton in 2022, jumping by 35% against the previous year. Overall, the import price, however, saw a slight downturn. The pace of growth was the most pronounced in 2021 an increase of 45% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :