Portugal: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Portugal

In 2021, the Portuguese sodium phosphates market decreased by -9.5% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption showed a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sodium Phosphates Production in Portugal

In value terms, sodium phosphates production dropped to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 4.5% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Sodium Phosphates Exports

Exports from Portugal

In 2021, after three years of decline, there was significant growth in overseas shipments of phosphates of mono- or di-sodium, when their volume increased by 77% to X tons. In general, exports posted a significant increase. The growth pace was the most rapid in 2014 with an increase of 2,231% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, sodium phosphates exports skyrocketed to $X in 2021. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 535% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X tons) was the main destination for sodium phosphates exports from Portugal, accounting for a 91% share of total exports. Moreover, sodium phosphates exports to Angola exceeded the volume sent to the second major destination, Sudan (X tons), more than tenfold. The third position in this ranking was taken by Guatemala (X tons), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola amounted to +61.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (0.0% per year) and Guatemala (0.0% per year).

In value terms, Angola ($X) remains the key foreign market for phosphates of mono- or di-sodium exports from Portugal, comprising 70% of total exports. The second position in the ranking was taken by Sudan ($X), with a 7.6% share of total exports. It was followed by Guatemala, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to Angola amounted to +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (0.0% per year) and Guatemala (0.0% per year).

Export Prices by Country

The average sodium phosphates export price stood at $X per ton in 2021, jumping by 40% against the previous year. Overall, the export price, however, faced a abrupt contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Angola ($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 Mozambique (-3.1%), while the prices for the other major destinations experienced a decline.

Sodium Phosphates Imports

Imports into Portugal

In 2021, after two years of decline, there was significant growth in overseas purchases of phosphates of mono- or di-sodium, when their volume increased by 15% to X tons. Over the period under review, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 104% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, sodium phosphates imports rose notably to $X in 2021. Overall, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2015 when imports increased by 65%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), France (X tons) and Belgium (X tons) were the main suppliers of sodium phosphates imports to Portugal, with a combined 87% 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 France (with a CAGR of +95.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of phosphates of mono- or di-sodium to Portugal, comprising 49% of total imports. The second position in the ranking was held by France ($X), with a 19% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled -12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+70.6% per year) and Germany (+14.7% per year).

Import Prices by Country

The average sodium phosphates import price stood at $X per ton in 2021, shrinking by -6.3% against the previous year. Overall, the import price, however, recorded a strong expansion. The growth pace was the most rapid in 2013 an increase of 54%. The import price peaked at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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