Portugal: Clay Market 2022

Clay Market Size in Portugal

The Portuguese clay market rose remarkably to $X in 2021, increasing by 7.7% against the previous year. In general, consumption, however, showed a perceptible downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Clay Production in Portugal

In value terms, clay production contracted to $X in 2021 estimated in export price. Overall, production, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Clay Exports

Exports from Portugal

In 2021, the amount of clays exported from Portugal dropped to X tons, waning by -13.5% on 2020 figures. In general, total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -35.3% against 2018 indices. The growth pace was the most rapid in 2014 when exports increased by 42% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, clay exports shrank slightly to $X in 2021. Over the period under review, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +5.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 39%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for clay exports from Portugal, with a 73% share of total exports. Moreover, clay exports to Spain exceeded the volume sent to the second major destination, Egypt (X tons), fivefold. Turkey (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+9.2% per year) and Turkey (-2.4% per year).

In value terms, Spain ($X) remains the key foreign market for clay exports from Portugal, comprising 51% of total exports. The second position in the ranking was held by Egypt ($X), with a 24% share of total exports. It was followed by Turkey, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+12.4% per year) and Turkey (-3.5% per year).

Export Prices by Country

In 2021, the average clay export price amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+3.0%), while the prices for the other major destinations experienced a decline.

Clay Imports

Imports into Portugal

In 2021, the amount of clays imported into Portugal soared to X tons, with an increase of 28% on the previous year. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 38% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, clay imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X tons), Spain (X tons) and Ukraine (X tons) were the main suppliers of clay imports to Portugal, together accounting for 83% of total imports. These countries were followed by France, Turkey, Morocco and Germany, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +67.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest clay suppliers to Portugal were the UK ($X), Spain ($X) and France ($X), with a combined 71% share of total imports. These countries were followed by Turkey, Germany, Ukraine and Morocco, which together accounted for a further 16%.

Turkey, with a CAGR of +63.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average clay import price amounted to $X per ton, growing by 6.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 14%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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