Portugal: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Portugal

In 2022, the Portuguese market for plasticised mixed polyvinyl chloride in primary forms increased by 180% to $X, rising for the second consecutive year after seven years of decline. In general, consumption posted a tangible increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Portugal

In value terms, production of plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +111.5% against 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Portugal

Exports of plasticised mixed polyvinyl chloride in primary forms from Portugal dropped to X tons in 2022, with a decrease of -14.8% against the previous year's figure. Overall, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.8% against 2017 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 38% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms shrank to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.9% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 37% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Spain (X tons) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from Portugal, accounting for a 35% share of total exports. Moreover, exports of plasticised mixed polyvinyl chloride in primary forms to Spain exceeded the volume sent to the second major destination, Morocco (X tons), twofold. Algeria (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+10.1% per year) and Algeria (-3.5% per year).

In value terms, Spain ($X) remains the key foreign market for plasticised mixed polyvinyl chloride in primary forms exports from Portugal, comprising 30% of total exports. The second position in the ranking was taken by Morocco ($X), with a 14% share of total exports. It was followed by Algeria, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+15.8% per year) and Algeria (+0.5% per year).

Export Prices by Country

In 2022, the average export price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, increasing by 16% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for plasticised mixed polyvinyl chloride in primary forms increased by +67.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 44%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Portugal

In 2022, overseas purchases of plasticised mixed polyvinyl chloride in primary forms decreased by -1.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 84%. Over the period under review, imports of hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms rose markedly to $X in 2022. Overall, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2020 when imports increased by 74%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of plasticised mixed polyvinyl chloride in primary forms to Portugal, with a 43% share of total imports. Moreover, imports of plasticised mixed polyvinyl chloride in primary forms from Spain exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was held by Romania (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+84.2% per year) and Romania (+43.9% per year).

In value terms, Spain ($X) constituted the largest supplier of plasticised mixed polyvinyl chloride in primary forms to Portugal, comprising 41% of total imports. The second position in the ranking was held by Romania ($X), with a 16% share of total imports. It was followed by Brazil, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+50.0% per year) and Brazil (+73.8% per year).

Import Prices by Country

The average import price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, rising by 6.7% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2019 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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