Alcohols Market Overview in Portugal
Market Overview
The Portuguese alcohols market fell significantly to $
in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt descent. The pace of growth was the most pronounced in 2010 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt descent. The pace of growth was the most pronounced in 2010 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.Consumption
In 2019, consumption of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Portugal shrank to tonnes, which is down by -% against the previous year's figure. Overall, consumption recorded a abrupt contraction. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Over the period under review, consumption reached the peak volume at tonnes in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
The size of the alcohols market in Portugal reduced notably to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt setback. The pace of growth appeared the most rapid in 2010 with an increase of % year-to-year. Alcohols consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
tonnes, which is down by -% against the previous year's figure. Overall, consumption recorded a abrupt contraction. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Over the period under review, consumption reached the peak volume at tonnes in 2013; however, from 2014 to 2019, consumption remained at a lower figure.The size of the alcohols market in Portugal reduced notably to $
in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt setback. The pace of growth appeared the most rapid in 2010 with an increase of % year-to-year. Alcohols consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for alcohols in Portugal, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Portugal increased significantly over the last twelve years (from % to %).
% to %).Trade Balance
Portugal remains a net importer of alcohols; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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