ABS copolymers in primary forms market in Portugal

Earlier Report Observations

The Portuguese market for ABS copolymers in primary forms contracted significantly between 2018 and 2023. Market volume fell from 27 799 tons to 14 330 tons, and market value declined from 62 808 thousand US dollars to 33 535 thousand US dollars, with the most pronounced drop occurring between 2018 and 2020.

The sharp reduction in 2020 was driven by the COVID-19 pandemic, which caused global supply chain disruptions, labor shortages, and raw material scarcities. These factors constrained domestic production and import volumes, leading to a smaller overall market.

Pandemic-related supply chain and logistic challenges continued into 2021, sustaining downward pressure on the market. By 2023, the market volume showed signs of stabilization, though it remained well below pre-pandemic levels.

Production ABS in primary forms in Portugal

In value, 2018-2021, K $ US

Portugal's production of ABS copolymers in primary forms declined for the second consecutive year. In 2020, output was valued at 7 423 K $ US, representing a significant decrease of 12.1% compared to 2019. Over the 2018-2020 period, production fell by 34%, with a compound annual growth rate (CAGR) of -13.0%.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

In kind, 2018-2021, t

Portugal's production volume of ABS copolymers in primary forms declined for the second year in a row. In 2020, the country produced 2 966 tonnes, which is 25.0% lower than the previous year. From 2018 to 2020, production decreased by 42%, with a compound annual growth rate (CAGR) of -16.6%.

Annual dynamics of production in Portugal in kind, 2018-2021, t

Exports ABS in primary forms from Portugal

Exports in kind, t

Portugal's exports of ABS copolymers in primary forms increased for the third consecutive year. In 2021, the country exported 2 787 tonnes, marking a 16.6% gain compared to 2020. Over the 2018-2021 period, exports grew by 69.3%, with a compound annual growth rate (CAGR) of 19.2%.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, t

From 2018 to 2021, Spain (42.0% of exports in kind), the Netherlands (15.3%), and Brazil (8.9%) remained the main buyers of ABS copolymers in primary forms from Portugal. Together, these three countries accounted for 66.2% of total exports in kind.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

Portugal's exports of ABS copolymers in primary forms increased for the second consecutive year. In 2021, export value reached 4 180 K $ US, showing a moderate gain of 7.7% from 2020. Over the 2018-2021 period, exports grew by 32.2%, with a compound annual growth rate (CAGR) of 9.8%. The lowest value was recorded in 2019 at 2 870 K $ US, which also saw the largest decline of 9.2%. In contrast, the largest increase occurred in 2020, with a 35.2% rise.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

Throughout 2018-2021, Spain (50.5% of exports in value terms), the Netherlands (10.5%), and Brazil (6.4%) continued to be the key export partners for Portugal. Collectively, they accounted for 67.4% of total export flows in value terms.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports ABS in primary forms to Portugal

Imports in kind, t

After a two-year decline, Portugal's imports of ABS copolymers in primary forms increased in 2021. The country imported 20 531 tonnes, reflecting a notable rise of 20.8% from the previous year. Over the 2018-2021 period, imports decreased by 15.6%, with a compound annual growth rate (CAGR) of -5.5%. The lowest volume was recorded in 2020 at 16 999 tonnes, while the largest decline occurred in 2019 with a 20.8% drop.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, t

From 2018 to 2021, Germany (36.4% of imports in kind), Spain (19.1%), and South Korea (15.1%) formed the main cluster of markets for Portugal's imports. Together, these three countries represented 70.6% of total import flows in kind.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

The data shows irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2020 at 30 403 K $ US and peaked in 2021 at 56 016 K $ US, representing an 84.2% increase from the previous year. Over this period, imports changed by 1.8-fold. The largest decline was recorded in 2019 with a 29.7% drop.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

Throughout 2018-2021, Germany (36.9% of imports in value terms), Spain (19.2%), and South Korea (14.1%) remained the key directions for Portugal's imports. Together, these three countries accounted for 70.3% of total import flows in value terms.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021