Portugal: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Portugal

The Portuguese organo-inorganic compounds market expanded rapidly to $X in 2021, growing by 6.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +80.1% against 2015 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Organo-Inorganic Compounds Exports

Exports from Portugal

Organo-inorganic compounds exports from Portugal soared to X tons in 2021, increasing by 30% compared with the previous year's figure. Overall, exports, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2015 when exports increased by 100%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, organo-inorganic compounds exports soared to $X in 2021. In general, exports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2015 when exports increased by 146%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

El Salvador (X tons), Slovakia (X tons) and Angola (X tons) were the main destinations of organo-inorganic compounds exports from Portugal, with a combined 77% share of total exports.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of +203.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) emerged as the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from Portugal, comprising 41% of total exports. The second position in the ranking was taken by Spain ($X), with a 13% share of total exports. It was followed by El Salvador, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-15.5% per year) and El Salvador (+226.6% per year).

Export Prices by Country

In 2021, the average organo-inorganic compounds export price amounted to $X per ton, rising by 6.8% against the previous year. Overall, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 87% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to El Salvador ($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 Sweden (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into Portugal

In 2021, after two years of growth, there was significant decline in supplies from abroad of organo-inorganic compounds (excluding organo-sulphur compounds), when their volume decreased by -7.4% to X tons. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 65% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, organo-inorganic compounds imports expanded notably to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.9% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 59% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of organo-inorganic compounds imports to Portugal, with a combined 79% share of total imports. The Netherlands, Canada, Italy, Poland, Belgium and India lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +142.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest organo-inorganic compounds suppliers to Portugal were Germany ($X), China ($X) and the Netherlands ($X), with a combined 79% share of total imports. Canada, Spain, Poland, Italy, India and Belgium lagged somewhat behind, together comprising a further 19%.

Canada, with a CAGR of +172.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average organo-inorganic compounds import price stood at $X per ton in 2021, rising by 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 22%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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