Portugal: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Portugal

The Portuguese chemically modified oils market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a significant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Chemically Modified Oils Production in Portugal

In value terms, chemically modified oils production dropped to $X in 2022 estimated in export price. Overall, production posted a significant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Chemically Modified Oils Exports

Exports from Portugal

In 2022, approx. X tons of animal or vegetable fats and oils chemically modified were exported from Portugal; waning by X% on the previous year's figure. In general, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, chemically modified oils exports declined dramatically to $X in 2022. Over the period under review, exports, however, showed a pronounced increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

Spain (X tons) was the main destination for chemically modified oils exports from Portugal, with a X% share of total exports. Moreover, chemically modified oils exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with less than X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, Spain ($X) remains the key foreign market for animal or vegetable fats and oils chemically modified exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by France, with less than X% share.

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

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual 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 Belgium ($X per ton), while the average price for exports to Spain ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Portugal

After two years of decline, overseas purchases of animal or vegetable fats and oils chemically modified increased by X% to X tons in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, chemically modified oils imports soared to $X in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of chemically modified oils to Portugal, accounting for a X% share of total imports. Moreover, chemically modified oils imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

In value terms, Spain ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Portugal, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Spain ($X per ton), while the price for Japan ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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