Portugal: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Portugal

The Portuguese market for palmitic acid, stearic acid, their salts and esters expanded to $X in 2021, picking up by 4.7% against the previous year. Overall, consumption, however, saw a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Portugal

In value terms, production of palmitic acid, stearic acid, their salts and esters totaled $X in 2021 estimated in export price. In general, production recorded a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Portugal

Exports of palmitic acid, stearic acid, their salts and esters from Portugal skyrocketed to X tons in 2021, with an increase of 24% on the year before. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 965% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, exports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 427%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Portugal, with a 67% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Germany exceeded the volume sent to the second major destination, Spain (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +111.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-14.5% per year) and the United States (+164.9% per year).

In value terms, Germany ($X) remains the key foreign market for palmitic acid, stearic acid, their salts and esters exports from Portugal, comprising 66% of total exports. The second position in the ranking was held by Spain ($X), with a 14% share of total exports. It was followed by the United States, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +117.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-0.5% per year) and the United States (+183.7% per year).

Export Prices by Country

In 2021, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, declining by -2.6% against the previous year. Overall, the export price, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2019 an increase of 146%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Angola ($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 Spain (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Portugal

In 2021, approx. X tons of palmitic acid, stearic acid, their salts and esters were imported into Portugal; rising by 15% compared with 2020 figures. Overall, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 46%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest palmitic acid, stearic acid, their salts and esters supplier to Portugal, with a 61% share of total imports. Moreover, imports of palmitic acid, stearic acid, their salts and esters from Spain exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+36.1% per year) and Italy (+4.8% per year).

In value terms, Spain ($X) constituted the largest supplier of palmitic acid, stearic acid, their salts and esters to Portugal, comprising 55% of total imports. The second position in the ranking was held by South Korea ($X), with an 11% share of total imports. It was followed by India, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.4% per year) and India (+30.1% per year).

Import Prices by Country

The average import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, surging by 32% against the previous year. Overall, the import price, however, saw a slight reduction. 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 South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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