Portugal: Petroleum Market 2020

Petroleum Market Size in Portugal

The revenue of the petroleum market in Portugal amounted to $X in 2017, surging by X% against the previous year. In general, petroleum consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. Over the period under review, the petroleum market attained its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Production in Portugal

Petroleum production in Portugal totaled X tons in 2017, rising by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2016, when it surged by X% year-to-year. Portugal petroleum production peaked in 2017, and is likely to continue its growth in the immediate term.

Petroleum Exports from Portugal

In 2017, exports of petroleum from Portugal amounted to X tons, declining by -X% against the previous year. In general, petroleum exports continue to indicate a strong expansion. The growth pace was the most rapid in 2013, when it surged by X% y-o-y. Portugal exports peaked of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, petroleum exports totaled $X in 2017. Overall, petroleum exports continue to indicate a prominent growth. Portugal exports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Petroleum Exports by Country from Portugal

In 2017, the U.S. (X tons), followed by Russia (X tons), Singapore (X tons), the Netherlands (X tons), South Korea (X tons) and India (X tons) represented the main exporters of petroleum, together committing X% of total exports. China (X tons), Belgium (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Canada (X tons) and Malaysia (X tons) took the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum markets worldwide were the U.S. ($X), Russia ($X) and Singapore ($X), with a combined X% share of total exports.

In terms of the main exporting countries , the U.S. (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Portugal

The petroleum export price in Portugal stood at $X per ton in 2017, jumping by X% against the previous year. Overall, petroleum export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2011, when the export prices increased by X% year-to-year. Portugal export price peaked of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports into Portugal

In 2017, the amount of petroleum imported into Portugal amounted to X tons, leveling off at the previous year. In general, petroleum imports continue to indicate a moderate deduction. The pace of growth appeared the most rapid in 2013, with an increase of X% against the previous year. Over the period under review, the petroleum imports attained its maximum volume of X tons in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

In value terms, petroleum imports totaled $X in 2017. In general, petroleum imports continue to indicate an abrupt drop. In that year, the petroleum imports attained their peak level of $X. From 2012 to 2017, growth of the petroleum imports failed to regain its momentum.

Petroleum Imports by Country into Portugal

In 2017, the U.S. (X tons) and Singapore (X tons) were the key importers of petroleum in the globe, together accounting for near X% of total imports. It was followed by the Netherlands (X tons), generating X% share of total imports. Mexico (X tons), Belgium (X tons), Germany (X tons), Malaysia (X tons), France (X tons), China (X tons), the UK (X tons), Indonesia (X tons) and Canada (X tons) occupied the weak share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum markets worldwide were the U.S. ($X), Singapore ($X) and the Netherlands ($X), with a combined X% share of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Portugal lagged somewhat behind, together comprising a further X%.

Malaysia (+X% per year) recorded the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Portugal

The petroleum import price in Portugal stood at $X per ton in 2017, growing by X% against the previous year. In general, petroleum import price continues to indicate a temperate reduction. The most prominent rate of growth was recorded in 2011, an increase of X% against the previous year. Portugal import price peaked of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in the UK ($X per ton) and Germany ($X per ton), while China ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform