Portugal: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Portugal

The Portuguese market for polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank remarkably to $X in 2022, waning by -99.8% against the previous year. Overall, consumption faced a sharp decline. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Portugal

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined notably to $X in 2022 estimated in export price. In general, production showed a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 6.4%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Portugal

In 2016, after two years of growth, there was decline in shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume decreased by -1.8% to X tons. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 5.5% against the previous year. As a result, the exports attained the peak of X tons, and then fell slightly in the following year.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X in 2016. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2016; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 14%. As a result, the exports reached the peak of $X. From 2015 to 2016, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Portugal, with a 37% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. Switzerland (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2016, the average annual growth rate of volume to Germany stood at +135.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+271.0% per year) and Switzerland (+411.7% per year).

In value terms, Germany ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Portugal, comprising 40% of total exports. The second position in the ranking was held by France ($X), with a 19% share of total exports. It was followed by Belgium, with a 6.1% share.

From 2012 to 2016, the average annual rate of growth in terms of value to Germany amounted to +127.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+270.7% per year) and Belgium (+50.6% per year).

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, rising by 4.5% against the previous year. Over the last four-year period, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2014 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2016, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Portugal

In 2016, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were imported into Portugal; surging by 12% on 2015 figures. Over the period under review, total imports indicated a remarkable increase from 2012 to 2016: its volume increased at an average annual rate of +12.2% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by +58.4% against 2012 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 25%. Imports peaked in 2016 and are expected to retain growth in the immediate term.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced slightly to $X in 2016. In general, imports, however, saw a mild slump. The growth pace was the most rapid in 2014 when imports increased by 11% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2016, the growth of imports of failed to regain momentum.

Imports by Country

Spain (X tons), Lithuania (X tons) and the Netherlands (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Portugal, together accounting for 80% of total imports.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +162.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Lithuania ($X) and the Netherlands ($X) constituted the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Portugal, together comprising 79% of total imports.

The Netherlands, with a CAGR of +133.2%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, falling by -13.1% against the previous year. Overall, the import price faced a deep downturn. The pace of growth appeared the most rapid in 2013 an increase of 0.3%. As a result, import price attained the peak level of $X per ton. From 2014 to 2016, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the Netherlands (-11.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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