Report Update: May 6, 2024

Portugal - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights

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Petroleum Bitumen Price in Portugal - 2023

Petroleum Bitumen Price in Portugal (CIF) - 2023

In August 2023, the average petroleum bitumen import price amounted to $563 per ton, increasing by 13% against the previous month. Over the period under review, the import price recorded a modest expansion. The pace of growth appeared the most rapid in April 2023 an increase of 18% against the previous month. The import price peaked in August 2023.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($615 per ton), while the price for Spain stood at $542 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Bitumen Price in Portugal (FOB) - 2023

In August 2023, the average petroleum bitumen export price amounted to $590 per ton, increasing by 14% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 31% month-to-month. The export price peaked at $606 per ton in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From August 2022 to August 2023, the rate of growth in terms of prices for Liberia amounted to +4.9% per month.

Petroleum Bitumen Imports in Portugal

In 2022, the amount of petroleum bitumen imported into Portugal shrank to 197K tons, with a decrease of -12.2% on 2021. Overall, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 92% against the previous year. As a result, imports attained the peak of 225K tons, and then shrank in the following year.

In value terms, petroleum bitumen imports rose remarkably to $101M in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 166% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Petroleum Bitumen in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	42.9	34.3	90.1	101	33.0%
Others	N/A	N/A	1.3	N/A	0%
Total	42.9	34.3	91.4	101	33.0%

Top Suppliers of Petroleum Bitumen to Portugal in 2022:

Spain (197.4K tons)

Petroleum Bitumen Exports in Portugal

For the third year in a row, Portugal recorded decline in overseas shipments of petroleum bitumen, which decreased by -67% to 15K tons in 2022. Overall, exports faced a sharp contraction. The smallest decline of -22.3% was in 2020.

In value terms, petroleum bitumen exports reduced sharply to $8.6M in 2022. In general, exports saw a precipitous setback. The smallest decline of -4.4% was in 2021.

Export of Petroleum Bitumen in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	17.5	8.2	11.1	6.3	-28.9%
Sao Tome and Principe	0.1	0.1	0.1	0.6	81.7%
Qatar	N/A	N/A	N/A	0.6	0%
Mauritius	0.1	0.1	0.3	0.5	71.0%
Liberia	N/A	N/A	N/A	0.4	0%
Cabo Verde	0.9	0.3	1.3	0.2	-39.4%
Mali	N/A	N/A	N/A	0.2	0%
Mauritania	1.3	1.8	N/A	N/A	38.5%
Morocco	5.3	6.2	2.8	N/A	-27.3%
United Kingdom	3.5	0.2	N/A	N/A	-94.3%
France	4.8	0.1	N/A	N/A	-97.9%
Algeria	N/A	N/A	1.3	N/A	0%
Others	1.8	1.3	0.5	N/A	-47.3%
Total	35.4	18.2	17.4	8.6	-37.6%

Top Export Markets for Petroleum Bitumen from Portugal in 2022:

Spain (11.4K tons)
Qatar (0.9K tons)
Sao Tome and Principe (0.7K tons)
Mauritius (0.7K tons)
Liberia (0.4K tons)
Cabo Verde (0.3K tons)
Mali (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the petroleum bitumen market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023