Oil & Gas in Portugal

February 2025 | 43 pages | ID: O8555E3D9D59EN
MarketLine

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Oil & Gas in Portugal

Summary

Oil & Gas in Portugal industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The oil & gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas in each country in a specific year. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
  • The Portuguese oil & gas market recorded revenues of $27.1 billion in 2024, representing a compound annual growth rate (CAGR) of 0.8% between 2019 and 2024.
  • Market consumption volumes declined with a negative CAGR of 1.0% between 2019 and 2024, reaching a total of 122.1 million BoE in 2024.
  • The Portuguese oil & gas market consumption volume grew by 3.9% in 2024, marking a recovery from historic contractions, driven by rising industrial demand. The expansion of industrial activities across manufacturing, construction, and mining sectors has significantly boosted the need for fuel and energy. According to the United Nations Statistics Division (UNSTAT), in 2024, the Nominal Gross Value Added (GVA) in Portugal's industry reached $55.7 billion, reflecting a 4.9% increase from the previous year, driven by higher production requirements.


Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Portugal
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Portugal
  • Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Portugal oil & gas market with five year forecasts


Reasons to Buy
  • What was the size of the Portugal oil & gas market by value in 2024?
  • What will be the size of the Portugal oil & gas market in 2029?
  • What factors are affecting the strength of competition in the Portugal oil & gas market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Portugal's oil & gas market?
1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value
3.2. Market volume

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast
5.2. Market volume forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. Have there been any recent developments in the market?

8 COMPANY PROFILES

8.1. Galp Energia SGPS SA
8.2. Partex Oil and Gas Group
8.3. BP Plc

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

LIST OF TABLES

Table 1: Portugal oil & gas market value: $ million, 2019-24
Table 2: Portugal oil & gas market volume: million BoE, 2019-24
Table 3: Portugal oil & gas market category segmentation: % share, by value, 2019-24
Table 4: Portugal oil & gas market category segmentation: $ million, 2019-24
Table 5: Portugal oil & gas market geography segmentation: $ million, 2024
Table 6: Portugal oil & gas market value forecast: $ million, 2024-29
Table 7: Portugal oil & gas market volume forecast: million BoE, 2024-29
Table 8: Galp Energia SGPS SA: Key Facts
Table 9: Galp Energia SGPS SA: Annual Financial Ratios
Table 10: Galp Energia SGPS SA: Key Employees
Table 11: Partex Oil and Gas Group: Key Facts
Table 12: BP Plc: Key Facts
Table 13: BP Plc: Annual Financial Ratios
Table 14: BP Plc: Key Employees
Table 15: BP Plc: Key Employees Continued
Table 16: Portugal Size of Population (Million), 2020-24
Table 17: Portugal Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 18: Portugal GDP (Current Prices, $ Billion), 2020-24
Table 19: Portugal Inflation, 2020-24
Table 20: Portugal Consumer Price Index (Absolute), 2020-24
Table 21: Portugal Exchange Rate, 2019-24


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