Portugal: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Portugal

The Portuguese polyethylene in primary forms market surged to $X in 2021, jumping by 29% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene in Primary Forms in Portugal

In value terms, polyethylene in primary forms production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene in Primary Forms

Exports from Portugal

In 2021, overseas shipments of polyethylene in primary forms were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 23%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene in primary forms exports soared to $X in 2021. The total export value increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 polyethylene in primary forms exports from Portugal, with a 61% share of total exports. Moreover, polyethylene in primary forms exports to Spain exceeded the volume sent to the second major destination, France (X tons), sixfold. The third position in this ranking was held by Greece (X tons), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+17.9% per year) and Greece (+5.9% per year).

In value terms, Spain ($X) remains the key foreign market for polyethylene in primary forms exports from Portugal, comprising 59% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by Greece, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+19.8% per year) and Greece (+5.2% per year).

Export Prices by Country

In 2021, the average polyethylene in primary forms export price amounted to $X per ton, surging by 50% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Cuba ($X per ton), while the average price for exports to Greece ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Portugal

In 2021, approx. X tons of polyethylene in primary forms were imported into Portugal; surging by 5.5% compared with 2020 figures. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 21%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, polyethylene in primary forms imports surged to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of polyethylene in primary forms to Portugal, with a 32% share of total imports. Moreover, polyethylene in primary forms imports from Spain exceeded the figures recorded by the second-largest supplier, Qatar (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+9.6% per year) and South Korea (+14.0% per year).

In value terms, Spain ($X) constituted the largest supplier of polyethylene in primary forms to Portugal, comprising 34% of total imports. The second position in the ranking was held by Qatar ($X), with a 10% share of total imports. It was followed by the Netherlands, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+10.2% per year) and the Netherlands (+5.6% per year).

Import Prices by Country

In 2021, the average polyethylene in primary forms import price amounted to $X per ton, increasing by 56% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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