Report Update Nov 1, 2024

Portugal - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in Portugal

In 2022, the Portuguese potassium nitrate market increased by 12% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +29.5% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Potassium Nitrate Exports

Exports from Portugal

In 2022, the amount of potassium nitrates exported from Portugal fell markedly to X tons, dropping by -22.5% against 2021 figures. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 334% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassium nitrate exports expanded significantly to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 265% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X tons) was the main destination for potassium nitrate exports from Portugal, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Angola amounted to +11.5%.

In value terms, Angola ($X) also remains the key foreign market for potassium nitrates exports from Portugal.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola amounted to +15.0%.

Export Prices by Country

The average potassium nitrate export price stood at $X per ton in 2022, surging by 43% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium nitrate export price increased by +65.5% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to +3.1% per year.

Potassium Nitrate Imports

Imports into Portugal

Potassium nitrate imports into Portugal shrank to X tons in 2022, reducing by -10.3% against the previous year's figure. In general, imports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2013 with an increase of 113% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, potassium nitrate imports soared to $X in 2022. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) was the main potassium nitrate supplier to Portugal, with a 94% share of total imports. Moreover, potassium nitrate imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+399.8% per year) and France (+134.9% per year).

In value terms, Spain ($X) constituted the largest supplier of potassium nitrates to Portugal, comprising 95% of total imports. The second position in the ranking was held by Italy ($X), with a 2.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+335.5% per year) and France (+110.4% per year).

Import Prices by Country

In 2022, the average potassium nitrate import price amounted to $X per ton, surging by 46% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium nitrate import price increased by +60.0% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium nitrates in the world?

China remains the largest potassium nitrate consuming country worldwide, accounting for 16% of total volume. Moreover, potassium nitrate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Spain, with a 5.5% share.

What are the largest producers of potassium nitrates in the world?

The countries with the highest volumes of in 2021 were China, Chile and India, together comprising 36% of global production.

What are the leading suppliers of potassium nitrates to Portugal?

In value terms, Spain constituted the largest supplier of potassium nitrate to Portugal, comprising 89% of total imports. The second position in the ranking was occupied by France, with a 6.7% share of total imports.

What are the leading importers of potassium nitrates from Portugal?

In value terms, Angola remains the key foreign market for potassium nitrate exports from Portugal, comprising 76% of total exports. The second position in the ranking was occupied by Spain, with a 22% share of total exports.

What is the average export price for potassium nitrates in Portugal?

The average potassium nitrate export price stood at $1,027 per ton in 2021, approximately mirroring the previous year.

What is the average import price for potassium nitrates in Portugal?

The average potassium nitrate import price stood at $946 per ton in 2021, rising by 5.7% against the previous year.

This report provides an in-depth analysis of the potassium nitrate market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4025 -

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023