Portugal: Carbonate Market 2024

Carbonate Market Size in Portugal

In 2022, after two years of decline, there was significant growth in the Portuguese carbonate market, when its value increased by X% to $X. Over the period under review, consumption showed a prominent increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Carbonate Production in Portugal

In value terms, carbonate production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in years to come.

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Carbonate Exports

Exports from Portugal

In 2022, approx. X tons of carbonates and peroxocarbonates were exported from Portugal; surging by X% against the previous year's figure. Over the period under review, exports posted a measured expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, carbonate exports surged to $X in 2022. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Spain (X tons) was the main destination for carbonate exports from Portugal, accounting for a X% share of total exports. Moreover, carbonate exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), ninefold. Cabo Verde (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, 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 Cabo Verde (X% per year).

In value terms, Spain ($X) remains the key foreign market for carbonates and peroxocarbonates exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with a X% share of total exports. It was followed by Cabo Verde, with a X% share.

From 2012 to 2022, the average annual growth rate of value 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 Cabo Verde (X% per year).

Export Prices by Country

In 2022, the average carbonate export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price posted a mild expansion. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain ($X 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 Cabo Verde (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carbonate Imports

Imports into Portugal

In 2022, purchases abroad of carbonates and peroxocarbonates increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, carbonate imports soared to $X in 2022. Over the period under review, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest carbonate supplier to Portugal, accounting for a X% share of total imports. Moreover, carbonate imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and France (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of carbonates and peroxocarbonates to Portugal, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and France (X% per year).

Import Prices by Country

The average carbonate import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonate import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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