Key Market Indicators
Portuguese imports of aromatics experienced a significant decline in 2023, dropping to approximately $14,900. This marks a 23% decrease from the $19,300 recorded in 2022. The demand for aromatics in Portugal has been on a downward trend, falling by an average of 15.8% annually since 1993. On the export side, Portugal's aromatic exports are projected to rise steadily. By 2028, exports are expected to reach around $22,600, up from about $19,900 in 2023, with an average annual growth rate of 2.1%. Portugal's supply of aromatics has shown consistent growth, increasing by 15.8% year on year since 1993. In 2023, the country ranked 26th in the global export market, just behind Ukraine, which also recorded exports of approximately $19,900. Leading the rankings were China, India, and Japan, occupying the second, third, and fourth positions respectively.
