Portugal: Aluminium Market Overview 2021

Aluminium Market Size in Portugal

In 2019, the Portuguese aluminium market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. In general, consumption recorded a drastic downturn. The pace of growth was the most pronounced in 2017 when the market value increased by X% against the previous year. Aluminium consumption peaked at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Aluminium Exports

Exports from Portugal

After two years of growth, overseas shipments of aluminium decreased by -X% to X tonnes in 2019. In general, total exports indicated a measured expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, aluminium exports shrank dramatically to $X in 2019. Overall, total exports indicated a noticeable expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2018, and then declined notably in the following year.

Exports by Country

Spain (X tonnes) was the main destination for aluminium exports from Portugal, with a X% share of total exports. Moreover, aluminium exports to Spain exceeded the volume sent to the second major destination, Poland (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Spain amounted to +X%.

In value terms, Spain ($X) remains the key foreign market for aluminium exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Spain totaled +X%.

Export Prices by Country

The average aluminium export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, the export price saw a mild decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2019, the country with the highest price was Poland ($X per tonne), while the average price for exports to Spain totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Spain.

Aluminium Imports

Imports into Portugal

In 2019, after two years of growth, there was decline in purchases abroad of aluminium, when their volume decreased by -X% to X tonnes. In general, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, aluminium imports reduced sharply to $X in 2019. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Spain (X tonnes) was the main supplier of aluminium to Portugal, accounting for a X% share of total imports. Moreover, aluminium imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and France (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of aluminium to Portugal, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and France (+X% per year).

Import Prices by Country

The average aluminium import price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Overall, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium in the world?

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China (36M tonnes) remains the largest aluminium consuming country worldwide, comprising approx. 53% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.2M tonnes), ninefold. India (2.8M tonnes) ranked third in terms of total consumption with a 4.1% share.

What are the largest producers of aluminium in the world?

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China (36M tonnes) constituted the country with the largest volume of aluminium production, comprising approx. 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, India (4.5M tonnes), eightfold. Russia (3.6M tonnes) ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of aluminium to Portugal?

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In value terms, Spain ($287M) constituted the largest supplier of aluminium to Portugal, comprising 91% of total imports. The second position in the ranking was occupied by the Netherlands ($16M), with a 5.2% share of total imports.

What are the leading importers of aluminium from Portugal?

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In value terms, Spain ($17M) remains the key foreign market for aluminium exports from Portugal, comprising 91% of total exports. The second position in the ranking was occupied by Poland ($1.1M), with a 6% share of total exports.

What is the average export price for aluminium in Portugal?

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In 2019, the average aluminium export price amounted to $2,275 per tonne, falling by -3.4% against the previous year.

What is the average import price for aluminium in Portugal?

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In 2019, the average aluminium import price amounted to $2,090 per tonne, with a decrease of -13.8% against the previous year.