Portugal: Bath Preparations Market 2024

Bath Preparations Market Size in Portugal

For the fourth year in a row, the Portuguese bath preparations market recorded decline in sales value, which decreased by -9.1% to $X in 2021. Over the period under review, consumption showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Bath Preparations Production in Portugal

In value terms, bath preparations production amounted to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 87%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Bath Preparations Exports

Exports from Portugal

In 2021, overseas shipments of perfumed bath salts and other bath preparations increased by 32% to X tons, rising for the second year in a row after two years of decline. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 605%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bath preparations exports shrank remarkably to $X in 2021. Overall, exports recorded a modest expansion. The pace of growth was the most pronounced in 2017 with an increase of 565% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for bath preparations exports from Portugal, accounting for a 65% share of total exports. Moreover, bath preparations exports to Spain exceeded the volume sent to the second major destination, Mozambique (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+10.0% per year) and the United States (+7.4% per year).

In value terms, Spain ($X) emerged as the key foreign market for perfumed bath salts and other bath preparations exports from Portugal, comprising 47% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by Angola, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.0% per year) and Angola (-18.7% per year).

Export Prices by Country

The average bath preparations export price stood at $X per ton in 2021, dropping by -40.9% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 43%. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Cyprus ($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 Germany (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Bath Preparations Imports

Imports into Portugal

In 2021, the amount of perfumed bath salts and other bath preparations imported into Portugal reduced sharply to X tons, dropping by -21.2% against the year before. Overall, imports saw a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of 76%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bath preparations imports contracted to $X in 2021. In general, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 70% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of bath preparations to Portugal, accounting for a 76% share of total imports. Moreover, bath preparations imports from Spain exceeded the figures recorded by the second-largest supplier, Croatia (X tons), ninefold. Poland (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+0.7% per year) and Poland (+224.5% per year).

In value terms, Spain ($X) constituted the largest supplier of perfumed bath salts and other bath preparations to Portugal, comprising 68% of total imports. The second position in the ranking was taken by Croatia ($X), with an 11% share of total imports. It was followed by Poland, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+3.5% per year) and Poland (+125.2% per year).

Import Prices by Country

In 2021, the average bath preparations import price amounted to $X per ton, increasing by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible descent. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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