Portugal: Alcohols Market Overview 2021

Alcohols Market Size in Portugal

After two years of growth, the Portuguese alcohols market decreased by -X% to $X in 2020. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Alcohols Exports

Exports from Portugal

Alcohols exports from Portugal reached X tonnes in 2020, increasing by X% on 2019. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, alcohols exports skyrocketed to $X in 2020. In general, exports saw resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Spain (X tonnes) was the main destination for alcohols exports from Portugal, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Spain amounted to +X%.

In value terms, Spain ($X) also remains the key foreign market for alcohols exports from Portugal.

From 2007 to 2020, the average annual rate of growth in terms of value to Spain stood at +X%.

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per tonne, growing by X% against the previous year. Overall, export price indicated slight growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alcohols export price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2007 to 2020, the rate of growth in terms of prices for Spain amounted to +X% per year.

Alcohols Imports

Imports into Portugal

In 2020, supplies from abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Overall, imports saw a modest expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, alcohols imports reduced to $X in 2020. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Trinidad and Tobago (X tonnes) constituted the largest supplier of alcohols to Portugal, with a X% share of total imports. Moreover, alcohols imports from Trinidad and Tobago exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), fourfold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Trinidad and Tobago stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and the U.S. (+X% per year).

In value terms, Spain ($X), Trinidad and Tobago ($X) and the U.S. ($X) were the largest alcohols suppliers to Portugal, with a combined X% share of total imports.

In terms of the main suppliers, the U.S. saw the highest growth rate of 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 alcohols import price stood at $X per tonne in 2020, approximately mirroring the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Trinidad and Tobago ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in the world?

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China (21M tonnes) constituted the country with the largest volume of alcohols consumption, accounting for 29% of total volume. Moreover, alcohols consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (7.6M tonnes), threefold. India (5.8M tonnes) ranked third in terms of total consumption with a 7.8% share.

What are the largest producers of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in the world?

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The countries with the highest volumes of alcohols production in 2020 were Saudi Arabia (12M tonnes), the U.S. (8.7M tonnes) and Trinidad and Tobago (4.7M tonnes), together accounting for 36% of global production. These countries were followed by Iran, Russia, Oman, India, Germany, Canada, Malaysia, Venezuela, Egypt and Indonesia, which together accounted for a further 38%.

What are the leading suppliers of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives to Portugal?

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In value terms, Spain ($26M), Trinidad and Tobago ($22M) and the U.S. ($10M) were the largest alcohols suppliers to Portugal, with a combined 71% share of total imports.

What are the leading importers of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives from Portugal?

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In value terms, Spain ($6.9M) remains the key foreign market for alcohols exports from Portugal.

What is the average export price for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Portugal?

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In 2020, the average alcohols export price amounted to $414 per tonne, growing by 6.2% against the previous year.

What is the average import price for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Portugal?

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In 2020, the average alcohols import price amounted to $568 per tonne, therefore, remained relatively stable against the previous year.