Monocarboxylic Acid Market Overview in Portugal
In value terms, monocarboxylic acid production expanded significantly to $ in estimated in export prices. In general, the total production indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by % against the previous year. Over the period under review, production hit record highs in and is expected to retain growth in the immediate term.
The value of the monocarboxylic acid market in Portugal stood at $ in , growing 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). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the market value increased by % year-to-year. Monocarboxylic acid consumption peaked in and is expected to retain growth in the immediate term.