Portugal: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Portugal

In 2022, after two years of growth, there was significant decline in the Portuguese double or complex silicates market, when its value decreased by X% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports of Double Or Complex Silicates

Exports from Portugal

In 2022, double or complex silicates exports from Portugal skyrocketed to X tons, jumping by X% compared with 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, double or complex silicates exports soared to $X in 2022. Over the period under review, exports showed a resilient increase. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Spain (X tons) was the main destination for double or complex silicates exports from Portugal, with a X% share of total exports. Moreover, double or complex silicates exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), twofold. The third position in this ranking was held by Mozambique (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume 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).

In value terms, the largest markets for double or complex silicates exported from Portugal were Brazil ($X), Spain ($X) and Angola ($X), with a combined X% share of total exports.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average double or complex silicates export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, showed a deep reduction. The growth pace was the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Spain ($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 Brazil (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Double Or Complex Silicates

Imports into Portugal

In 2022, supplies from abroad of double or complex silicates decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted markedly in the following year.

In value terms, double or complex silicates imports declined rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

Spain (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of double or complex silicates imports to Portugal, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest double or complex silicates suppliers to Portugal were Spain ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total imports.

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

Import Prices by Country

The average double or complex silicates import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, import price indicated temperate growth 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, double or complex silicates import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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