Portugal: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Portugal

The Portuguese ferro-cerium and pyrophoric alloys market amounted to $X in 2023, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Portugal

In value terms, ferro-cerium and pyrophoric alloys production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production recorded notable growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Portugal

In 2023, overseas shipments of ferro-cerium and pyrophoric alloys decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports contracted rapidly to $X in 2023. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then dropped dramatically in the following year.

Exports by Country

Spain (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Portugal, with a X% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), fivefold. The third position in this ranking was held by Mozambique (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Mozambique (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with a X% share of total exports. It was followed by Mozambique, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Mozambique (X% per year).

Export Prices by Country

In 2023, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then contracted sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cabo Verde (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Portugal

For the third year in a row, Portugal recorded decline in supplies from abroad of ferro-cerium and pyrophoric alloys, which decreased by X% to X tons in 2023. Overall, imports continue to indicate a mild descent. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports totaled $X in 2023. Over the period under review, total imports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the UK (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Portugal, with a X% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Croatia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Croatia (X% per year).

In value terms, the UK ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Portugal, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by Croatia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Croatia (X% per year).

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ferro-cerium and pyrophoric alloys import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Croatia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform