Portugal: Bauxite Market 2025

Bauxite Market Size in Portugal

The Portuguese bauxite market declined rapidly to $X in 2022, waning by -21.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a tangible expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Bauxite Exports

Exports from Portugal

In 2022, shipments abroad of bauxite decreased by 0% to X kg, falling for the second consecutive year after two years of decline. In general, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 9.2%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, bauxite exports stood at $X in 2022. Overall, exports continue to indicate a sharp downturn. The growth pace was the most rapid in 2017 with an increase of 11%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for bauxite exports from Portugal, with a 81% share of total exports. Moreover, bauxite exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X kg), fourfold.

From 2016 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +2.3%.

In value terms, the largest markets for bauxite exported from Portugal were the Netherlands ($X) and Spain ($X).

The Netherlands, with a CAGR of +12.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average bauxite export price stood at $X per ton in 2022, leveling off at the previous year. In general, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 76%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Spain ($X per ton), while the average price for exports to the Netherlands totaled $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+33.8%).

Bauxite Imports

Imports into Portugal

Bauxite imports into Portugal fell remarkably to X tons in 2022, waning by -20.8% against 2021. Overall, imports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 835%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, bauxite imports declined sharply to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 594% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Belgium (X tons) and Brazil (X tons) were the main suppliers of bauxite imports to Portugal, together accounting for 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +166.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Belgium ($X) and Brazil ($X) appeared to be the largest bauxite suppliers to Portugal, with a combined 74% share of total imports.

Among the main suppliers, Brazil, with a CAGR of +118.3%, saw the highest growth rate of 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

In 2022, the average bauxite import price amounted to $X per ton, approximately reflecting the previous year. Overall, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 99%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+14.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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