Portugal: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Portugal

The Portuguese saturated acyclic hydrocarbons market reached $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Production in Portugal

In value terms, saturated acyclic hydrocarbons production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Saturated Acyclic Hydrocarbons Exports

Exports from Portugal

For the fourth year in a row, Portugal recorded decline in shipments abroad of saturated acyclic hydrocarbons, which decreased by -10.9% to X tons in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 408%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons exports contracted dramatically to $X in 2022. Over the period under review, exports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2016 with an increase of 129% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Spain (X tons) and Germany (X tons) were the main destinations of saturated acyclic hydrocarbons exports from Portugal, together accounting for 80% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +232.3%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Spain ($X) and Germany ($X) constituted the largest markets for saturated acyclic hydrocarbons exported from Portugal worldwide, together accounting for 77% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +291.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average saturated acyclic hydrocarbons export price stood at $X per ton in 2022, which is down by -6.7% against the previous year. In general, the export price recorded a mild setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 400% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Germany ($X per ton), while the average price for exports to Japan ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.

Saturated Acyclic Hydrocarbons Imports

Imports into Portugal

After two years of decline, purchases abroad of saturated acyclic hydrocarbons increased by 57% to X tons in 2022. Overall, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 59%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, saturated acyclic hydrocarbons imports soared to $X in 2022. In general, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of saturated acyclic hydrocarbons to Portugal, with a 68% share of total imports. Moreover, saturated acyclic hydrocarbons imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+59.5% per year) and the Netherlands (+10.3% per year).

In value terms, Spain ($X) constituted the largest supplier of saturated acyclic hydrocarbons to Portugal, comprising 70% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+53.5% per year) and the Netherlands (+5.5% per year).

Import Prices by Country

The average saturated acyclic hydrocarbons import price stood at $X per ton in 2022, growing by 12% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, saturated acyclic hydrocarbons import price increased by +41.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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