Portugal: Sulphur Market 2022

Sulphur Market Size in Portugal

In 2020, the Portuguese sulphur market decreased by -X% to $X, falling for the third year in a row after two years of growth. Overall, consumption saw a mild shrinkage. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Sulphur Exports

Exports from Portugal

In 2020, sulphur exports from Portugal soared to X tonnes, picking up by X% against 2019 figures. In general, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, sulphur exports surged to $X in 2020. Over the period under review, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Angola (X tonnes) was the main destination for sulphur exports from Portugal, with a approx. X% share of total exports.

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

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

Export Prices by Country

The average sulphur export price stood at $X per tonne in 2020, dropping by -X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2018; however, from 2019 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 Angola.

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

Sulphur Imports

Imports into Portugal

In 2020, overseas purchases of sulphur (sublimed or precipitated) and colloidal sulphur decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2009 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, sulphur imports shrank sharply to $X in 2020. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Spain (X tonnes) was the main supplier of sulphur to Portugal, accounting for a X% share of total imports. Moreover, sulphur imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Spain stood at -X%.

In value terms, Spain ($X) constituted the largest supplier of sulphur to Portugal, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports.

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

Import Prices by Country

In 2020, the average sulphur import price amounted to $X per tonne, rising by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per tonne), while the price for the UK totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain.

Source: IndexBox Platform