Portugal: Mercury Market 2022

Mercury Market Size in Portugal

The Portuguese mercury market expanded sharply to $X in 2021, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Mercury Production in Portugal

In value terms, mercury production expanded significantly to $X in 2021 estimated in export price. Overall, the total production indicated slight growth from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Mercury Exports

Exports from Portugal

In 2021, shipments abroad of mercuries decreased by X% to less than X kg, falling for the second year in a row after five years of growth. Over the period under review, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, mercury exports amounted to $less than X in 2021. In general, exports saw a mild setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X kg) was the main destination for mercury exports from Portugal, accounting for a X% share of total exports. Moreover, mercury exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Spain totaled +X%.

In value terms, Spain ($X) also remains the key foreign market for mercury exports from Portugal.

From 2012 to 2019, the average annual growth rate of value to Spain totaled -X%.

Export Prices by Country

The average mercury export price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the last seven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per tonne. From 2015 to 2019, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Spain ($X per tonne), while the average price for exports to the Netherlands totaled $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%).

Mercury Imports

Imports into Portugal

In 2021, supplies from abroad of mercuries decreased by X% to X kg for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X kg in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, mercury imports fell significantly to $X in 2021. In general, imports posted resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X kg) was the main supplier of mercury to Portugal, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +X%.

In value terms, Spain ($X) constituted the largest supplier of mercury to Portugal.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +X%.

Import Prices by Country

In 2021, the average mercury import price amounted to $X per kg, waning by -X% against the previous year. Overall, the import price continues to indicate a dramatic setback. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices reached the maximum at $X per kg in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -X% per year.

Source: IndexBox Platform