Portugal: Natural Polymers Market 2024

Natural Polymers Market Size in Portugal

In 2021, the Portuguese natural polymers market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Natural Polymers Production in Portugal

In value terms, natural polymers production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a drastic downturn. Natural polymers production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Natural Polymers Exports

Exports from Portugal

In 2021, exports of natural and modified natural polymers in primary forms from Portugal surged to X tons, picking up by 48% compared with 2020 figures. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 191%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, natural polymers exports soared to $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 821% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Germany (X tons) and Mexico (X tons) were the main destinations of natural polymers exports from Portugal, with a combined 77% share of total exports. These countries were followed by Poland, Italy, Angola, Brazil and the UK, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +95.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural polymers exported from Portugal were Spain ($X), Germany ($X) and Poland ($X), with a combined 85% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +88.3%, 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 natural polymers export price amounted to $X per ton, with a decrease of -7.1% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 216% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Mexico ($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 Spain (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Polymers Imports

Imports into Portugal

For the third consecutive year, Portugal recorded growth in purchases abroad of natural and modified natural polymers in primary forms, which increased by 85% to X tons in 2021. In general, imports saw a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 162%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, natural polymers imports surged to $X in 2021. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 130%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Spain (X tons) constituted the largest natural polymers supplier to Portugal, accounting for a 65% share of total imports. Moreover, natural polymers imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.2% per year) and the Netherlands (+23.0% per year).

In value terms, Spain ($X) constituted the largest supplier of natural and modified natural polymers in primary forms to Portugal, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.1% per year) and the Netherlands (+27.9% per year).

Import Prices by Country

In 2021, the average natural polymers import price amounted to $X per ton, dropping by -5.7% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 26%. The import price peaked at $X per ton in 2015; however, from 2016 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 ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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