Portugal: Pyrites Market 2022

Pyrites Market Size in Portugal

In 2021, the Portuguese pyrites market increased by X% to $X, rising for the third consecutive year after six years of decline. Over the period under review, consumption, however, showed a deep reduction. Pyrites consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pyrites Exports

Exports from Portugal

After two years of growth, shipments abroad of pyrites decreased by -X% to X tonnes in 2021. Over the period under review, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X tonnes in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, pyrites exports declined slightly to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cabo Verde (X tonnes) was the main destination for pyrites exports from Portugal, with a approx. X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Cabo Verde amounted to +X%.

From 2012 to 2019, the average annual rate of growth in terms of value to Cabo Verde amounted to +X%.

Export Prices by Country

The average pyrites export price stood at $X per tonne in 2019, rising by X% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, pyrites export price decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per tonne. From 2017 to 2019, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cabo Verde.

From 2012 to 2019, the rate of growth in terms of prices for Cabo Verde amounted to +X% per year.

Pyrites Imports

Imports into Portugal

In 2021, purchases abroad of pyrites increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Overall, imports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X tonnes in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pyrites imports dropped to $X in 2021. Over the period under review, imports, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tonnes) constituted the largest supplier of pyrites to Portugal, with a X% share of total imports. Moreover, pyrites imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), eightfold.

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

In value terms, Turkey ($X) and Spain ($X) constituted the largest pyrites suppliers to Portugal.

Spain, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average pyrites import price stood at $X per tonne in 2021, standing approx. at the previous year. Overall, the import price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per tonne. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($X per tonne), while the price for Spain stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Source: IndexBox Platform