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Portugal - Urea - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Urea Market 2024

Urea Market Size in Portugal

In 2023, after three years of growth, there was significant decline in the Portuguese urea market, when its value decreased by X% to $X. Overall, consumption, however, saw a mild expansion. Urea consumption peaked at $X in 2022, and then contracted sharply in the following year.

Urea Exports

Exports from Portugal

In 2023, after four years of growth, there was significant decline in overseas shipments of urea, when their volume decreased by X% to X tons. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X tons in 2022, and then plummeted in the following year.

In value terms, urea exports fell markedly to $X in 2023. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then fell markedly in the following year.

Exports by Country

Spain (X tons) was the main destination for urea exports from Portugal, accounting for a X% share of total exports. Moreover, urea exports to Spain exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Morocco (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Morocco (X% per year).

In value terms, Spain ($X) remains the key foreign market for urea exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Morocco (X% per year).

Export Prices by Country

The average urea export price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price, however, showed modest growth. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then shrank significantly in the following year.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Angola ($X per ton) and France ($X per ton), while the average price for exports to Morocco ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Urea Imports

Imports into Portugal

After three years of growth, purchases abroad of urea decreased by X% to X tons in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2022, and then shrank remarkably in the following year.

In value terms, urea imports fell remarkably to $X in 2023. Over the period under review, imports, however, saw a tangible expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2022, and then reduced notably in the following year.

Imports by Country

Algeria (X tons), Spain (X tons) and Russia (X tons) were the main suppliers of urea imports to Portugal, together comprising X% of total imports. Egypt, France, the Netherlands and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Spain ($X) and Russia ($X) constituted the largest urea suppliers to Portugal, with a combined X% share of total imports. Egypt, France, the Netherlands and Germany lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average urea import price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then plummeted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Egypt ($X per ton), while the price for the Netherlands ($X per ton) and Algeria ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Croatia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023