Portugal: Plaster Article Market 2024

Plaster Article Market Size in Portugal

In 2021, the Portuguese plaster article market decreased by -5.3% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plaster Article Production in Portugal

In value terms, plaster article production surged to $X in 2021 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2021: its value 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, production increased by +65.5% against 2016 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Plaster Article Exports

Exports from Portugal

Plaster article exports from Portugal contracted to X tons in 2021, which is down by -12% against 2020. Overall, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 42%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, plaster article exports totaled $X in 2021. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for plaster article exports from Portugal, with a 65% share of total exports. Moreover, plaster article exports to Spain exceeded the volume sent to the second major destination, the UK (X tons), fivefold. Ireland (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+615.6% per year) and Ireland (+72.2% per year).

In value terms, Spain ($X) remains the key foreign market for plaster article exports from Portugal, comprising 59% of total exports. The second position in the ranking was held by the UK ($X), with a 17% share of total exports. It was followed by Ireland, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+374.6% per year) and Ireland (+82.8% per year).

Export Prices by Country

The average plaster article export price stood at $X per ton in 2021, increasing by 22% against the previous year. In general, the export price, however, recorded a noticeable decline. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per ton), while the average price for exports to Ireland ($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 Ireland (+6.1%), while the prices for the other major destinations experienced a decline.

Plaster Article Imports

Imports into Portugal

In 2021, purchases abroad of articles of plaster or of compositions based on plaster decreased by -34.5% to X tons, falling for the third consecutive year after seven years of growth. Overall, imports, however, posted a pronounced increase. The growth pace was the most rapid in 2018 with an increase of 43%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, plaster article imports fell rapidly to $X in 2021. In general, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -36.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 44%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) was the main plaster article supplier to Portugal, accounting for a 95% share of total imports. It was followed by Turkey (X tons), with a 1.7% share of total imports. The third position in this ranking was held by Italy (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.1% per year) and Italy (+47.9% per year).

In value terms, Spain ($X) constituted the largest supplier of plaster article to Portugal, comprising 92% of total imports. The second position in the ranking was taken by Italy ($X), with a 3.1% share of total imports. It was followed by France, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.5% per year) and France (-8.4% per year).

Import Prices by Country

The average plaster article import price stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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