Portugal: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Portugal

The Portuguese polyvinyl chloride market soared to $X in 2022, with an increase of 38% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +89.2% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyvinyl Chloride Production in Portugal

In value terms, polyvinyl chloride production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, production reached the peak level of $X, and then dropped in the following year.

Polyvinyl Chloride Exports

Exports from Portugal

In 2022, approx. X tons of polyvinyl chloride were exported from Portugal; dropping by -11% on the previous year's figure. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, polyvinyl chloride exports stood at $X in 2022. Over the period under review, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons) was the main destination for polyvinyl chloride exports from Portugal, accounting for a 59% share of total exports. Moreover, polyvinyl chloride exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), sixfold. The third position in this ranking was taken by Morocco (X tons), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-4.5% per year) and Morocco (+3.4% per year).

In value terms, Spain ($X) remains the key foreign market for polyvinyl chloride exports from Portugal, comprising 55% of total exports. The second position in the ranking was held by Italy ($X), with a 9.8% share of total exports. It was followed by Morocco, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.4% per year) and Morocco (+8.8% per year).

Export Prices by Country

In 2022, the average polyvinyl chloride export price amounted to $X per ton, growing by 18% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride export price increased by +81.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 54%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Germany ($X per ton), while the average price for exports to Spain ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Portugal

In 2022, purchases abroad of polyvinyl chloride increased by 9.5% to X tons, rising for the second year in a row after four years of decline. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, polyvinyl chloride imports expanded remarkably to $X in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 144%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Spain (X tons), the United States (X tons) and Turkey (X tons) were the main suppliers of polyvinyl chloride imports to Portugal, together accounting for 73% of total imports. Mexico, France, Egypt, Brazil, Italy, South Korea, India, Romania and Germany lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +150.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of polyvinyl chloride to Portugal, comprising 47% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Mexico, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+49.6% per year) and Mexico (-1.3% per year).

Import Prices by Country

In 2022, the average polyvinyl chloride import price amounted to $X per ton, remaining constant against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +57.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 48%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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