Portugal: Polyacetals Market 2024

Polyacetals Market Size in Portugal

After two years of decline, the Portuguese polyacetals market increased by 16% to $X in 2021. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Polyacetals consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Polyacetals Production in Portugal

In value terms, polyacetals production reduced to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 288% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Polyacetals Exports

Exports from Portugal

In 2021, exports of polyacetals in primary forms from Portugal skyrocketed to X tons, growing by 112% against 2020. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyacetals exports surged to $X in 2021. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for polyacetals exports from Portugal, with a 35% share of total exports. Moreover, polyacetals exports to Spain exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by Switzerland (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+44.8% per year) and Switzerland (+35.1% per year).

In value terms, Spain ($X) remains the key foreign market for polyacetals in primary forms exports from Portugal, comprising 35% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by Switzerland, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+38.5% per year) and Switzerland (+34.9% per year).

Export Prices by Country

The average polyacetals export price stood at $X per ton in 2021, increasing by 22% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Brazil ($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 Brazil (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polyacetals Imports

Imports into Portugal

In 2021, purchases abroad of polyacetals in primary forms was finally on the rise to reach X tons after two years of decline. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 71% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, polyacetals imports soared to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 54% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of polyacetals to Portugal, accounting for a 51% share of total imports. Moreover, polyacetals imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+12.0% per year) and Belgium (+13.5% per year).

In value terms, Germany ($X) constituted the largest supplier of polyacetals in primary forms to Portugal, comprising 56% of total imports. The second position in the ranking was held by South Korea ($X), with a 10% share of total imports. It was followed by Spain, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+12.8% per year) and Spain (+12.1% per year).

Import Prices by Country

The average polyacetals import price stood at $X per ton in 2021, picking up by 14% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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