Portugal: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Portugal

The Portuguese unsaturated acyclic hydrocarbons market declined notably to $X in 2021, falling by -97.7% against the previous year. Overall, consumption saw a significant contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Production in Portugal

In value terms, unsaturated acyclic hydrocarbons production expanded sharply to $X in 2021 estimated in export price. In general, production showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 145% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Portugal

Unsaturated acyclic hydrocarbons exports from Portugal expanded rapidly to X tons in 2021, growing by 11% compared with the year before. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 3,405%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons exports reduced to $X in 2021. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 2,696% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from Portugal, with a 76% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to Spain exceeded the volume sent to the second major destination, Australia (X tons), tenfold. Japan (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+1.8% per year) and Japan (-10.6% per year).

In value terms, Spain ($X) remains the key foreign market for unsaturated acyclic hydrocarbons exports from Portugal, comprising 50% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports. It was followed by Australia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-7.4% per year) and Australia (-4.6% per year).

Export Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons export price amounted to $X per ton, declining by -17.8% against the previous year. Overall, the export price, however, enjoyed strong growth. The growth pace was the most rapid in 2015 an increase of 137%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Portugal

In 2021, the amount of unsaturated acyclic hydrocarbons imported into Portugal shrank sharply to X tons, with a decrease of -63% against the year before. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 104%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons imports dropped notably to $X in 2021. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by 91% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest unsaturated acyclic hydrocarbons supplier to Portugal, accounting for a 66% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +261.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-29.8% per year) and the United Arab Emirates (0.0% per year).

In value terms, China ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Portugal, comprising 73% of total imports. The second position in the ranking was held by Spain ($X), with a 10% share of total imports. It was followed by the United Arab Emirates, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +344.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-34.6% per year) and the United Arab Emirates (0.0% per year).

Import Prices by Country

The average unsaturated acyclic hydrocarbons import price stood at $X per ton in 2021, increasing by 17% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Turkey ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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