Portugal: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Portugal

The Portuguese oxygen-function amino-compound market expanded remarkably to $X in 2021, surging by 9% 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). The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Oxygen-function amino-compound consumption peaked in 2021 and is likely to see gradual growth in the near future.

Oxygen-Function Amino-Compound Exports

Exports from Portugal

In 2021, oxygen-function amino-compound exports from Portugal totaled X tons, picking up by 3.2% compared with 2020. Over the period under review, exports saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 79% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, oxygen-function amino-compound exports dropped modestly to $X in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 198% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for oxygen-function amino-compound exports from Portugal, accounting for a 71% share of total exports. Moreover, oxygen-function amino-compound exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), sevenfold. The third position in this ranking was taken by the United States (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-0.4% per year) and the United States (+201.7% per year).

In value terms, Spain ($X) remains the key foreign market for oxygen-function amino-compounds exports from Portugal, comprising 40% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Slovenia, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+106.4% per year) and Slovenia (+90.6% per year).

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2021, falling by -5.9% against the previous year. In general, the export price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2014 an increase of 138% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Angola ($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 Mexico (+117.1%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into Portugal

Oxygen-function amino-compound imports into Portugal rose significantly to X tons in 2021, growing by 7.8% against the previous year. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.1% 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 +3.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 63% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, oxygen-function amino-compound imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 47% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), China (X tons) and Germany (X tons) were the main suppliers of oxygen-function amino-compound imports to Portugal, with a combined 82% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +58.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of oxygen-function amino-compounds to Portugal, comprising 36% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.9% per year) and China (+39.9% per year).

Import Prices by Country

In 2021, the average oxygen-function amino-compound import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, continues to indicate a pronounced decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :