PK fertilizers market in Portugal

Earlier Report Observations

The PK fertilizers market in Portugal contracted significantly from 8 211 thousand US dollars in 2018 to 3 897 thousand in 2019, a shift likely prompted by the implementation of the Code of Good Agricultural Practices which encouraged more rational fertilizer use to reduce pollution. Market volume stabilized near 3 867 thousand in 2020 as key players like COMPO EXPERT, having joined the Grupa Azoty group, broadened their range of products suitable for organic farming.

A recovery to 5 478 thousand US dollars occurred by 2023. This growth was primarily driven by regulatory simplification under Portaria n.º 185/2022, which streamlined market access for non-harmonized fertilizers, and the launch of ADP Fertilizantes' Impact Zero® line—the world's first sustainable fertilizers produced from green hydrogen. The rebound was further supported by falling fertilizer prices and rising agricultural productivity in 2023, which helped offset earlier supply chain disruptions and cost increases linked to the Ukraine war.

In 2024, the market size decreased to 4 235 thousand US dollars, indicating a renewed adjustment in the post-recovery period.

Production PK fertilizers in Portugal

In value, 2018-2021, K $ US

Portugal's PK fertilizer production declined for the second year in a row. In 2020, output was valued at 2 861 K $ US, which is 20.0% lower than in 2019. From 2018 to 2020, production fell by 37.5%, with a compound annual growth rate of -14.5%.

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

In kind, 2018-2021, t

Portugal's PK fertilizer production volume dropped for the second consecutive year. In 2020, the country produced 7 083 tonnes, which is 18.0% less than in the previous year. Between 2018 and 2020, production decreased by 44.8%, with a compound annual growth rate of -17.9%.

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

Exports PK fertilizers from Portugal

Exports in kind, t

The market showed an unstable trend during this period. Export volumes reached their lowest point in 2018 and peaked in 2019, with a 22-fold difference between these years. In 2021, Portugal exported 3 069 tonnes of PK fertilizers, marking a sharp decline of 58.3% from 2020. The highest volume was recorded in 2019 at 8 757 tonnes, with the largest increase that year at 2 109.4%.

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

From 2018 to 2021, Spain, Angola, and Peru were the main buyers of PK fertilizers from Portugal. Spain accounted for 39.7% of exports in kind, Angola for 25.6%, and Peru for 13.7%. Together, these three countries represented 79.0% 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

The market displayed volatility over the observed period. Export values hit a low in 2018 and a high in 2019, varying by 8.6 times between these years. In 2021, PK fertilizer exports from Portugal were valued at 1 144 K $ US, a decrease of 56.4% compared to 2020. The peak value was recorded in 2019 at 2 993 K $ US, with the largest increase that year at 763.0%.

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

Between 2018 and 2021, Spain, Angola, and Peru were the key partners for PK fertilizer exports from Portugal in value terms. Spain made up 32.2% of exports, Angola 23.0%, and Peru 14.8%. Collectively, these three countries accounted for 70.0% of total export flows.

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

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

Imports PK fertilizers to Portugal

Imports in kind, t

The market exhibited volatile behavior in these years. Import volumes were at their lowest in 2019 and highest in 2021, with a 1.8-fold difference. In 2021, Portugal imported 7 657 tonnes of PK fertilizers, a sharp increase of 75.9% from 2020. The minimum volume was recorded in 2019 at 4 147 tonnes, with the largest decline that year at 15.7%.

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

From 2018 to 2021, Spain dominated Portugal's PK fertilizer imports in kind, holding a 73.6% share of total flows. Other markets combined accounted for the remaining portion.

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

Portugal's PK fertilizer imports increased for the second consecutive year. In 2021, imports were valued at 4 668 K $ US, showing a sharp gain of 28.7% compared to 2020. From 2018 to 2021, imports rose by 17.3%, with a compound annual growth rate of 5.5%. The lowest value was recorded in 2019 at 3 315 K $ US, with the largest decline that year at 16.7%.

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

Between 2018 and 2021, Spain was the primary source for PK fertilizer imports into Portugal in value terms, accounting for 72.9% of total flows. Other markets formed a long tail of smaller partners.

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

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