Organo-Sulphur Compounds; Methionine Price in Portugal - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in Portugal (CIF) - 2023
- Organo-Sulphur Compounds; Methionine Price in Portugal (FOB) - 2023
- Organo-Sulphur Compounds; Methionine Imports in Portugal
- Organo-Sulphur Compounds; Methionine Exports in Portugal
Organo-Sulphur Compounds; Methionine Price in Portugal (CIF) - 2023
In June 2023, the average organo-sulphur compounds; methionine import price amounted to $2,084 per ton, waning by -11% against the previous month. Over the period under review, the import price saw a perceptible decline. The most prominent rate of growth was recorded in February 2023 an increase of 7.7% against the previous month. The import price peaked at $2,887 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Belgium ($2,532 per ton), while the price for Spain ($1,859 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (-2.0%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Price in Portugal (FOB) - 2023
The average organo-sulphur compounds; methionine export price stood at $2,474 per ton in June 2023, increasing by 3.9% against the previous month. Overall, the export price, however, saw a mild descent. The pace of growth was the most pronounced in March 2023 an increase of 16% against the previous month. The export price peaked at $3,112 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From June 2022 to June 2023, the rate of growth in terms of prices for Angola amounted to +1.1% per month.
Organo-Sulphur Compounds; Methionine Imports in Portugal
In 2022, after three years of growth, there was significant decline in supplies from abroad of organo-sulphur compounds; methionines, when their volume decreased by -8.5% to 4.9K tons. The total import volume increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 38%.
In value terms, organo-sulphur compounds; methionine imports stood at $14M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Organo-Sulphur Compounds; Methionine in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.7 | 3.3 | 2.9 | 5.7 | 15.5% |
| Germany | 1.3 | 2.1 | 4.8 | 2.7 | 27.6% |
| Belgium | 1.4 | 1.7 | 2.5 | 2.6 | 22.9% |
| Japan | 0.8 | 0.9 | 1.8 | 2.1 | 37.9% |
| France | 0.6 | 0.9 | 0.3 | 0.6 | 0.0% |
| Malaysia | 0.3 | 0.5 | N/A | 0.1 | -30.7% |
| Others | 0.1 | 0.3 | 0.3 | 0.1 | 0.0% |
| Total | 8.3 | 9.7 | 12.6 | 13.9 | 18.8% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Portugal in 2022:
- Spain (2095.3 tons)
- Germany (902.3 tons)
- Belgium (840.0 tons)
- Japan (834.3 tons)
- France (203.1 tons)
- Malaysia (35.0 tons)
Organo-Sulphur Compounds; Methionine Exports in Portugal
For the fourth consecutive year, Portugal recorded growth in overseas shipments of organo-sulphur compounds; methionines, which increased by 24% to 468 tons in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 40%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, organo-sulphur compounds; methionine exports soared to $1.5M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 62% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Organo-Sulphur Compounds; Methionine in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 385 | 656 | 1,057 | 1,288 | 49.6% |
| Nigeria | N/A | N/A | N/A | 136 | 0% |
| Angola | 85.4 | 21.7 | 78.7 | 70.6 | -6.1% |
| Others | 2.5 | 27.5 | 6.5 | N/A | 61.2% |
| Total | 473 | 705 | 1,143 | 1,495 | 46.8% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from Portugal in 2022:
- Spain (408.1 tons)
- Nigeria (40.0 tons)
- Angola (19.6 tons)
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