Price for Mineral Substances Not Elsewhere Specified or Included in Portugal - 2023

Contents:

  1. Price for Mineral Substances Not Elsewhere Specified or Included in Portugal (CIF) - 2023
  2. Price for Mineral Substances Not Elsewhere Specified or Included in Portugal (FOB) - 2022
  3. Imports of Mineral Substances Not Elsewhere Specified or Included in Portugal
  4. Exports of Mineral Substances Not Elsewhere Specified or Included in Portugal

Price for Mineral Substances Not Elsewhere Specified or Included in Portugal (CIF) - 2023

In October 2023, the average import price for mineral substances not elsewhere specified or includeds amounted to $374 per ton, shrinking by -3.8% against the previous month. In general, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 73% month-to-month. The import price peaked at $502 per ton in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($785 per ton), while the price for Turkey ($199 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Mineral Substances Not Elsewhere Specified or Included in Portugal (FOB) - 2022

The average export price for mineral substances not elsewhere specified or includeds stood at $587 per ton in 2022, with an increase of 3.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 63% against the previous year. As a result, the export price reached the peak level of $735 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($1,745 per ton), while the average price for exports to Spain ($551 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral Substances Not Elsewhere Specified or Included in Portugal

After two years of decline, supplies from abroad of mineral substances not elsewhere specified or includeds increased by 0.8% to 22K tons in 2022. In general, imports, however, saw a abrupt shrinkage.

In value terms, imports of mineral substances not elsewhere specified or includeds expanded significantly to $9M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Mineral Substances Not Elsewhere Specified or Included in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain5.24.55.26.04.9%
Germany0.50.30.50.921.6%
Italy1.01.00.90.8-7.2%
Netherlands0.30.20.30.30.0%
Finland0.30.20.30.30.0%
France0.50.30.30.2-26.3%
Others0.40.70.50.57.7%
Total8.17.18.09.03.6%

Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Portugal in 2022:

  1. Spain (16.3K tons)
  2. Germany (2.1K tons)
  3. Italy (1.0K tons)
  4. Finland (0.6K tons)
  5. France (0.5K tons)
  6. Netherlands (0.4K tons)

Exports of Mineral Substances Not Elsewhere Specified or Included in Portugal

In 2022, the amount of mineral substances not elsewhere specified or includeds exported from Portugal fell remarkably to 2.8K tons, which is down by -26.6% against 2021 figures. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 83% against the previous year. As a result, the exports reached the peak of 3.9K tons, and then declined dramatically in the following year.

In value terms, exports of mineral substances not elsewhere specified or includeds reduced sharply to $1.7M in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 110%. As a result, the exports attained the peak of $2.2M, and then shrank dramatically in the following year.

Export of Mineral Substances Not Elsewhere Specified or Included in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain1,0578042,0311,45211.2%
Angola16.425.837.890.576.7%
Italy31.527.913.841.89.9%
France4.414120.131.091.7%
Mozambique16.429.815.68.4-20.0%
Others48.221.488.147.2-0.7%
Total1,1741,0502,2061,67112.5%

Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Portugal in 2022:

  1. Spain (2632.9 tons)
  2. Italy (52.5 tons)
  3. Angola (51.9 tons)
  4. France (47.2 tons)
  5. Mozambique (15.8 tons)

Source: IndexBox Market Intelligence Platform

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