Portugal: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Portugal

The Portuguese saturated acyclic monocarboxylic acids market contracted to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Production of Saturated Acyclic Monocarboxylic Acids in Portugal

In value terms, saturated acyclic monocarboxylic acids production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Saturated acyclic monocarboxylic acids production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Portugal

Saturated acyclic monocarboxylic acids exports from Portugal declined to X tons in 2022, falling by X% compared with 2021 figures. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids exports expanded sharply to $X in 2022. Overall, exports, however, saw strong growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Spain (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from Portugal, with a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), sevenfold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Germany (X% per year).

In value terms, Spain ($X) remains the key foreign market for saturated acyclic monocarboxylic acids exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Angola (X% per year).

Export Prices by Country

In 2022, the average saturated acyclic monocarboxylic acids export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a temperate increase. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

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

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Portugal

In 2022, saturated acyclic monocarboxylic acids imports into Portugal contracted markedly to X tons, with a decrease of X% compared with 2021. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted notably in the following year.

In value terms, saturated acyclic monocarboxylic acids imports contracted remarkably to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Germany (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Portugal, together accounting for X% of total imports. China, the Netherlands, Italy and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest saturated acyclic monocarboxylic acids suppliers to Portugal were Spain ($X), Germany ($X) and Belgium ($X), together comprising X% of total imports. The Netherlands, China, Italy and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average saturated acyclic monocarboxylic acids import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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