Portugal: Polycarbonate Market 2024

Polycarbonate Market Size in Portugal

In 2022, the Portuguese polycarbonate market increased by 6.4% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted a prominent increase. Polycarbonate consumption peaked in 2022 and is expected to retain growth in the immediate term.

Polycarbonate Production in Portugal

In value terms, polycarbonate production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 219%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Polycarbonate Exports

Exports from Portugal

In 2022, overseas shipments of polycarbonates (in primary forms) decreased by -30.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded perceptible growth. The pace of growth was the most pronounced in 2016 when exports increased by 52%. The exports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, polycarbonate exports reduced remarkably to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 45%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Italy (X tons) and Poland (X tons) were the main destinations of polycarbonate exports from Portugal, with a combined 64% share of total exports. These countries were followed by Brazil, Switzerland, France, China and Germany, which together accounted for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +87.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polycarbonate exported from Portugal were Spain ($X), Poland ($X) and Italy ($X), together accounting for 66% of total exports.

Poland, with a CAGR of +78.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polycarbonate export price stood at $X per ton in 2022, surging by 9.8% against the previous year. Overall, the export price, however, recorded a mild contraction. The pace of growth was the most pronounced in 2018 an increase of 26%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Poland ($X per ton), while the average price for exports to Brazil ($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 Spain (-1.2%), while the prices for the other major destinations experienced a decline.

Polycarbonate Imports

Imports into Portugal

In 2022, supplies from abroad of polycarbonates (in primary forms) increased by 1.3% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 72% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, polycarbonate imports expanded notably to $X in 2022. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of polycarbonate imports to Portugal, with a combined 85% share of total imports. These countries were followed by Italy, South Korea and Belgium, which together accounted for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the Netherlands ($X) constituted the largest polycarbonate suppliers to Portugal, with a combined 83% share of total imports. These countries were followed by Italy, South Korea and Belgium, which together accounted for a further 12%.

Belgium, with a CAGR of +21.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polycarbonate import price stood at $X per ton in 2022, surging by 5.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 67%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Italy ($X per ton), while the price for South Korea ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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