| Product Code: ETC5044112 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Portugal`s fuel oil import market continued to show strong growth in 2024, with key exporting countries being Saudi Arabia, India, Italy, Turkey, and the USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 27.96% from 2020 to 2024 underscores the increasing demand for fuel oil in Portugal. Despite a slight dip in the growth rate from 2023 to 2024, the overall trend remains positive, highlighting the country`s reliance on these top exporting nations for its fuel oil supply.
The Fuel Oil market in Portugal is projected to grow at a stable growth rate of 1.39% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Portugal Fuel Oil Market Overview |
3.1 Portugal Country Macro Economic Indicators |
3.2 Portugal Fuel Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Portugal Fuel Oil Market - Industry Life Cycle |
3.4 Portugal Fuel Oil Market - Porter's Five Forces |
3.5 Portugal Fuel Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Portugal Fuel Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel oil in various industries in Portugal |
4.2.2 Growth in maritime activities and shipping industry in Portugal |
4.2.3 Government initiatives and policies promoting the use of fuel oil as an energy source |
4.3 Market Restraints |
4.3.1 Volatility in crude oil prices affecting the cost of fuel oil |
4.3.2 Environmental concerns and regulations related to emissions from fuel oil |
4.3.3 Competition from alternative energy sources such as natural gas and renewables |
5 Portugal Fuel Oil Market Trends |
6 Portugal Fuel Oil Market Segmentations |
6.1 Portugal Fuel Oil Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Portugal Fuel Oil Market Revenues & Volume, By Marine, 2021-2031F |
6.1.3 Portugal Fuel Oil Market Revenues & Volume, By Industrial, 2021-2031F |
6.1.4 Portugal Fuel Oil Market Revenues & Volume, By Others, 2021-2031F |
7 Portugal Fuel Oil Market Import-Export Trade Statistics |
7.1 Portugal Fuel Oil Market Export to Major Countries |
7.2 Portugal Fuel Oil Market Imports from Major Countries |
8 Portugal Fuel Oil Market Key Performance Indicators |
8.1 Number of new industrial projects using fuel oil in Portugal |
8.2 Amount of fuel oil consumption in the maritime sector in Portugal |
8.3 Percentage of government subsidies or incentives for fuel oil consumption in Portugal |
9 Portugal Fuel Oil Market - Opportunity Assessment |
9.1 Portugal Fuel Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Portugal Fuel Oil Market - Competitive Landscape |
10.1 Portugal Fuel Oil Market Revenue Share, By Companies, 2024 |
10.2 Portugal Fuel Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |