Portugal - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Portugal - 2023
Contents:
- Urea Price in Portugal (CIF) - 2023
- Urea Price in Portugal (FOB) - 2023
- Urea Imports in Portugal
- Urea Exports in Portugal
Urea Price in Portugal (CIF) - 2023
In July 2023, the average urea import price amounted to $418 per ton, dropping by -6.6% against the previous month. In general, the import price saw a noticeable slump. The pace of growth appeared the most rapid in September 2022 an increase of 22% month-to-month. As a result, import price attained the peak level of $893 per ton. From October 2022 to July 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Spain ($423 per ton) and Algeria ($411 per ton), while the price for Russia ($354 per ton) and France ($397 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (-3.3%), while the prices for the other major suppliers experienced a decline.
Urea Price in Portugal (FOB) - 2023
The average urea export price stood at $525 per ton in July 2023, growing by 25% against the previous month. Over the period under review, the export price, however, recorded a perceptible reduction. The export price peaked at $902 per ton in September 2022; however, from October 2022 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Algeria ($1,398 per ton), while the average price for exports to Spain ($436 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+6.7%), while the prices for the other major destinations experienced a decline.
Urea Imports in Portugal
For the fourth year in a row, Portugal recorded growth in overseas purchases of urea, which increased by 7.6% to 242K tons in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, urea imports skyrocketed to $186M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 116% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Urea in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 1.7 | 10.2 | 50.2 | 64.4 | 235.9% |
| Spain | 31.4 | 20.9 | 24.5 | 58.7 | 23.2% |
| Algeria | 0.7 | 4.3 | 8.8 | 30.6 | 252.3% |
| Russia | 5.0 | 4.8 | 8.7 | 18.6 | 54.9% |
| Slovakia | 0.8 | 0.8 | 1.6 | 5.0 | 84.2% |
| Germany | 14.1 | 10.3 | 1.7 | 2.3 | -45.4% |
| Others | 6.2 | 2.0 | 19.0 | 6.8 | 3.1% |
| Total | 59.9 | 53.1 | 114 | 186 | 45.9% |
Top Suppliers of Urea to Portugal in 2022:
- Spain (85.7K tons)
- Egypt (71.9K tons)
- Algeria (39.2K tons)
- Russia (24.1K tons)
- Germany (8.7K tons)
- Slovakia (4.0K tons)
Urea Exports in Portugal
For the fourth year in a row, Portugal recorded growth in overseas shipments of urea, which increased by 49% to 43K tons in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, urea exports skyrocketed to $32M in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 165% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Urea in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.2 | 3.8 | 10.5 | 19.6 | 67.1% |
| France | 1.0 | 0.9 | 3.0 | 8.5 | 104.1% |
| Morocco | 0.3 | 0.5 | 0.8 | 2.1 | 91.3% |
| Angola | 0.1 | 0.4 | 0.4 | 0.9 | 108.0% |
| Others | 0.3 | 0.2 | 0.6 | 1.1 | 54.2% |
| Total | 5.8 | 5.8 | 15.4 | 32.2 | 77.1% |
Top Export Markets for Urea from Portugal in 2022:
- Spain (23.5K tons)
- France (9.4K tons)
- Morocco (8.4K tons)
- Angola (0.9K tons)
This report provides an in-depth analysis of the urea market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4001 - Urea
Country coverage:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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