Portugal: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Portugal

In 2021, the Portuguese market for unsaturated polyesters in primary forms increased by 32% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Unsaturated Polyesters In Primary Forms in Portugal

In value terms, unsaturated polyesters in primary forms production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 24%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Portugal

Unsaturated polyesters in primary forms exports from Portugal rose modestly to X tons in 2021, increasing by 3.4% on the previous year. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when exports increased by 24% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for unsaturated polyesters in primary forms exports from Portugal, accounting for a 84% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Spain exceeded the volume sent to the second major destination, France (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.9% per year) and Poland (+28.0% per year).

In value terms, Spain ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Portugal, comprising 84% of total exports. The second position in the ranking was taken by France ($X), with a 9.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.5% per year) and Poland (+32.0% per year).

Export Prices by Country

In 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, growing by 36% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to France ($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 Poland (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Portugal

In 2021, supplies from abroad of unsaturated polyesters in primary forms was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.7% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by 55% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 76%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest unsaturated polyesters in primary forms supplier to Portugal, with a 65% share of total imports. Moreover, unsaturated polyesters in primary forms imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.5% per year) and France (+16.2% per year).

In value terms, Spain ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Portugal, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by France, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.7% per year) and France (+16.1% per year).

Import Prices by Country

The average import price for unsaturated polyesters in primary forms stood at $X per ton in 2021, jumping by 23% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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