Portugal: Polyamide Market 2024

Polyamide Market Size in Portugal

After two years of decline, the Portuguese polyamide market increased by 41% to $X in 2021. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Polyamide Production in Portugal

In value terms, polyamide production rose significantly to $X in 2021 estimated in export price. In general, production saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of 129% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Polyamide Exports

Exports from Portugal

Polyamide exports from Portugal skyrocketed to X tons in 2021, jumping by 26% against the year before. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 88%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, polyamide exports soared to $X in 2021. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 77%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons) was the main destination for polyamide exports from Portugal, accounting for a 53% share of total exports. Moreover, polyamide exports to Spain exceeded the volume sent to the second major destination, Brazil (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+94.9% per year) and Germany (+46.6% per year).

In value terms, Spain ($X) remains the key foreign market for polyamides (in primary forms) exports from Portugal, comprising 44% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by France, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+60.0% per year) and France (+35.4% per year).

Export Prices by Country

The average polyamide export price stood at $X per ton in 2021, dropping by -3.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 22%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Estonia ($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 (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polyamide Imports

Imports into Portugal

In 2021, the amount of polyamides (in primary forms) imported into Portugal soared to X tons, rising by 29% against the year before. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +30.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyamide imports soared to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of polyamide imports to Portugal, together comprising 74% of total imports. These countries were followed by France, Italy, Belgium, Turkey and Poland, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest polyamide suppliers to Portugal, together comprising 72% of total imports. France, Italy, Belgium, Poland and Turkey lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Turkey, with a CAGR of +19.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyamide import price stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Poland ($X per ton), while the price for Spain ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :