Portugal: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Portugal

In 2021, the Portuguese polyethylene glycol and polyether market increased by 56% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.2% 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.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Portugal

In 2021, the amount of polyethylene glycols and polyethers in primary forms exported from Portugal fell sharply to X tons, reducing by -54.4% against the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 509%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, polyethylene glycol and polyether exports reduced to $X in 2021. Overall, exports, however, posted temperate growth. The most prominent rate of growth was recorded in 2017 when exports increased by 355%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for polyethylene glycol and polyether exports from Portugal, accounting for a 49% share of total exports. Moreover, polyethylene glycol and polyether exports to Spain exceeded the volume sent to the second major destination, Cuba (X tons), twofold. The third position in this ranking was held by Angola (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +30.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (-14.0% per year) and Angola (+16.1% per year).

In value terms, Spain ($X) emerged as the key foreign market for polyethylene glycols and polyethers in primary forms exports from Portugal, comprising 50% of total exports. The second position in the ranking was taken by Angola ($X), with a 20% share of total exports. It was followed by Cuba, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+21.5% per year) and Cuba (-13.1% per year).

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, with an increase of 97% against the previous year. Over the period under review, the export price showed a noticeable expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Brazil ($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 Spain (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Portugal

In 2021, overseas purchases of polyethylene glycols and polyethers in primary forms increased by 15% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 20%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. Over the period under review, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of polyethylene glycol and polyether imports to Portugal, together comprising 90% of total imports. These countries were followed by Belgium, which accounted for a further 5.6%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +32.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to Portugal were Spain ($X), the Netherlands ($X) and Germany ($X), together comprising 89% of total imports. These countries were followed by Belgium, which accounted for a further 5.9%.

Belgium, with a CAGR of +31.5%, recorded the highest rates of growth with regard to 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 polyethylene glycol and polyether import price stood at $X per ton in 2021, with an increase of 57% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Germany ($X per ton), while the price for the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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