Market research

Tall oil market in Portugal

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Portuguese tall oil market volume increased from 3 945 t in 2018 to 4 064 t in 2019. The subsequent sharp drop to 3 371 t in 2020 was directly caused by the COVID-19 pandemic, which disrupted industrial operations and depressed global prices for oils and related products.

A recovery to 3 871 t occurred by 2023. This growth was driven by a rising preference for sustainable materials, which boosted demand for tall oil resin, and by national policies like Decree-Law no. 84/2022 that promoted biofuel incorporation, directly increasing demand for renewable feedstocks.

Imports of tall oil rose significantly after 2020, reaching 813 t in 2024, while domestic production stabilized around 3 256 t in 2023. The market operated within a regulatory framework emphasizing strict waste oil management and a growing industrial shift toward bio-based chemicals, particularly for automotive applications.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In kind
  1. 4.1.1. Production, 2018-2020, 2023
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2018-2020, 2023
5. Production
1. 5.1. Production in Portugal
  1. 5.1.1. In kind, 2018-2020, 2023, t
  2. 5.1.2. In value, 2018-2020, 2023, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Portugal in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Portugal by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Portugal in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Portugal by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Portugal, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Portugal by countries, 2018-2025, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Portugal in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Portugal by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Portugal in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Portugal by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Portugal, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Portugal by countries, 2018-2025, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Portugal in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Portugal by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Portugal in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Portugal by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Portugal, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Portugal by countries, 2018-2025, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Portugal in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Portugal by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Portugal in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Portugal by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Portugal, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Portugal by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production tall oil in Portugal

In value, 2018-2021, K $ US

Portugal's tall oil production value declined for the second consecutive year. In 2020, output was valued at 1 474 K $ US, representing a gradual decrease of 6.5% year-over-year. Between 2018 and 2020, production decreased by 10.8%, which equates to an annualized rate of 3.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(4.6%)	(6.5%)	n/a	-

Source: SHEV.io

In kind, 2018-2021, t

In 2020, Portugal produced 3 259 t of tall oil, marking an 8.1% reduction from the previous year. Over the 2018-2020 period, production decreased by 6.6%, with a compound annual growth rate (CAGR) of -2.2%. The highest production volume was recorded in 2019 at 3 547 t, which also saw the largest increase of 1.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.7%	(8.1%)	n/a	-

Source: SHEV.io

Exports tall oil from Portugal

Exports in kind, t

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2018 to 2021, exports in kind were exclusively focused on Mozambique, which accounted for 100.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Between 2018 and 2021, Mozambique accounted for nearly all exports in value terms of tall oil from Portugal, with a share of 100.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports tall oil to Portugal

Imports in kind, t

The market showed signs of volatility during the observed period. The minimum value was recorded in 2020 at 112.1 t, while the maximum was in 2019 at 516.8 t, resulting in a peak-to-trough amplitude of 4.6 times. In 2021, tall oil volumes in Portugal stood at 409.4 t, representing a 265.3% increase compared to the previous year. The largest decline was recorded in 2020 at 78.3%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	13.3%	(78.3%)	265.3%	(3.5%)

Source: SHEV.io

From 2018 to 2021, the country structure of imports in kind was primarily shaped by South Africa and the United States, which together accounted for 85.5% of total flows, while other markets formed a long tail.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. The minimum value was recorded in 2020 at 194.8 K $ US, while the maximum was in 2021 at 719.1 K $ US, resulting in a 3.7-fold variation. In 2021, tall oil imports to Portugal were recorded at 719.1 K $ US, reflecting a rise of 269.1% compared to the previous year. The largest decline was recorded in 2020 at 72.2%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	14.6%	(72.2%)	269.1%	5.5%

Source: SHEV.io

Throughout 2018-2021, two countries — the United States and South Africa — concentrated most of imports in value terms of tall oil to Portugal, whereas other markets were less significant individually.

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

Source: SHEV.io

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

Source: SHEV.io