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Portugal - Nitric Acid And Sulphonitric Acids - Market Analysis, Forecast, Size, Trends And Insights
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Portugal: Overview of the Market for Nitric Acid And Sulphonitric Acids 2021

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Market Size for Nitric Acid And Sulphonitric Acids in Portugal

The Portuguese nitric and sulphonitric acids market declined slightly to $X in 2020, dropping by -X% against the previous year. In general, consumption continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2011 to 2020, the growth of the market remained at a somewhat lower figure.

Production of Nitric Acid And Sulphonitric Acids in Portugal

In value terms, nitric and sulphonitric acids production declined to $X in 2020 estimated in export prices. Overall, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% year-to-year. Nitric and sulphonitric acids production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Portugal

In 2020, approx. X tonnes of nitric acid and sulphonitric acids were exported from Portugal; increasing by X% on 2019 figures. Over the period under review, exports enjoyed a measured increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2013 to 2020, the growth exports failed to regain the momentum.

In value terms, nitric and sulphonitric acids exports skyrocketed to $X in 2020. In general, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Spain (X tonnes) was the main destination for nitric and sulphonitric acids exports from Portugal, with a X% share of total exports. Moreover, nitric and sulphonitric acids exports to Spain exceeded the volume sent to the second major destination, Morocco (X tonnes), fivefold.

From 2007 to 2020, the average annual growth rate of volume to Spain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+X% per year) and Algeria (+X% per year).

In value terms, Spain ($X) remains the key foreign market for nitric and sulphonitric acids exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Morocco ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+X% per year) and Algeria (+X% per year).

Export Prices by Country

The average nitric and sulphonitric acids export price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period under review, export price indicated a measured increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nitric and sulphonitric acids export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Morocco ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Morocco, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nitric Acid And Sulphonitric Acids

Imports into Portugal

In 2020, after two years of decline, there was significant growth in overseas purchases of nitric acid and sulphonitric acids, when their volume increased by X% to X tonnes. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to continue growth in the immediate term.

In value terms, nitric and sulphonitric acids imports surged to $X in 2020. Overall, imports saw moderate growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2020, Spain (X tonnes) was the main supplier of nitric and sulphonitric acids to Portugal, accounting for a approx. X% share of total imports.

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

In value terms, Spain ($X) constituted the largest supplier of nitric and sulphonitric acids to Portugal.

From 2007 to 2020, the average annual growth rate of value from Spain totaled +X%.

Import Prices by Country

The average nitric and sulphonitric acids import price stood at $X per tonne in 2020, falling by -X% against the previous year. In general, the import price recorded a perceptible downturn. The growth pace was the most rapid in 2011 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average import prices remained at a lower figure.

As there is only one major supplying country, 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.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitric acid and sulphonitric acids in the world?
+
China (2.4M tonnes) remains the largest nitric and sulphonitric acids consuming country worldwide, accounting for 24% of total volume. Moreover, nitric and sulphonitric acids consumption in China exceeded the figures recorded by the second-largest consumer, India (1.1M tonnes), twofold. The U.S. (883K tonnes) ranked third in terms of total consumption with a 8.9% share.
What are the largest producers of nitric acid and sulphonitric acids in the world?
+
China (2.4M tonnes) remains the largest nitric and sulphonitric acids producing country worldwide, comprising approx. 24% of total volume. Moreover, nitric and sulphonitric acids production in China exceeded the figures recorded by the second-largest producer, India (1.1M tonnes), twofold. The third position in this ranking was occupied by the U.S. (896K tonnes), with a 9.1% share.
What are the leading suppliers of nitric acid and sulphonitric acids to Portugal?
+
In value terms, Spain ($1.1M) constituted the largest supplier of nitric and sulphonitric acids to Portugal.
What are the leading importers of nitric acid and sulphonitric acids from Portugal?
+
In value terms, Spain ($4.8M) remains the key foreign market for nitric and sulphonitric acids exports from Portugal, comprising 61% of total exports. The second position in the ranking was occupied by Morocco ($2M), with a 25% share of total exports.
What is the average export price for nitric acid and sulphonitric acids in Portugal?
+
The average nitric and sulphonitric acids export price stood at $192 per tonne in 2020, surging by 9.2% against the previous year.
What is the average import price for nitric acid and sulphonitric acids in Portugal?
+
In 2020, the average nitric and sulphonitric acids import price amounted to $220 per tonne, shrinking by -16.7% against the previous year.

Product coverage:
• Prodcom 20151050 - Nitric acid, sulphonitric acids

This report provides an in-depth analysis of the market for nitric and sulphonitric acids 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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