Portugal: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Portugal

For the third year in a row, the Portuguese market for organo-sulphur compounds and other organo-inorganic compounds recorded growth in sales value, which increased by 4.6% to $X in 2022. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +57.5% against 2019 indices. Consumption of peaked in 2022 and is likely to see gradual growth in the near future.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Portugal

For the third consecutive year, Portugal recorded growth in overseas shipments of organo-sulphur compounds and other organo-inorganic compounds, which increased by 11% to X tons in 2022. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 64%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds contracted to $X in 2022. In general, exports, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 71%. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for exports of organo-sulphur compounds and other organo-inorganic compounds from Portugal, with a 77% share of total exports. Moreover, exports of organo-sulphur compounds and other organo-inorganic compounds to Spain exceeded the volume sent to the second major destination, Angola (X tons), sixfold. The third position in this ranking was taken by Nigeria (X tons), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+74.5% per year) and Nigeria (0.0% per year).

In value terms, Spain ($X) remains the key foreign market for organo-sulphur compounds and other organo-inorganic compounds exports from Portugal, comprising 74% of total exports. The second position in the ranking was taken by Angola ($X), with a 10% share of total exports. It was followed by Nigeria, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+67.6% per year) and Nigeria (0.0% per year).

Export Prices by Country

In 2022, the average export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, dropping by -10.2% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Portugal

In 2022, after two years of growth, there was decline in purchases abroad of organo-sulphur compounds and other organo-inorganic compounds, when their volume decreased by -2.7% to X tons. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Imports peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds rose sharply to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +76.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Spain (X tons), Germany (X tons) and China (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to Portugal, with a combined 70% share of total imports. Belgium, Japan, India, the Netherlands and France lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +44.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Spain ($X) were the largest organo-sulphur compounds and other organo-inorganic compounds suppliers to Portugal, with a combined 73% share of total imports. The Netherlands, Belgium, India, France and Japan lagged somewhat behind, together comprising a further 20%.

Japan, with a CAGR of +38.2%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, picking up by 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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