Portugal: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Portugal

The Portuguese calcareous building stone market declined sharply to $X in 2021, falling by -31.7% against the previous year. Over the period under review, consumption showed a abrupt decrease. Calcareous building stone consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Calcareous Building Stone Production in Portugal

In value terms, calcareous building stone production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 22% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Calcareous Building Stone Exports

Exports from Portugal

Calcareous building stone exports from Portugal skyrocketed to X tons in 2021, growing by 16% compared with the previous year. Overall, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 52%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, calcareous building stone exports soared to $X in 2021. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by 51% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for calcareous building stone exports from Portugal, with a 91% share of total exports. It was followed by Germany (X tons), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.9% per year) and France (-15.8% per year).

In value terms, China ($X) remains the key foreign market for calcareous building stone exports from Portugal, comprising 81% of total exports. The second position in the ranking was taken by Germany ($X), with a 5.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.5% per year) and France (-10.3% per year).

Export Prices by Country

In 2021, the average calcareous building stone export price amounted to $X per ton, rising by 6.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 France (+6.6%), while the prices for the other major destinations experienced a decline.

Calcareous Building Stone Imports

Imports into Portugal

In 2021, overseas purchases of calcareous building stone increased by 14% to X tons, rising for the second year in a row after three years of decline. Overall, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 102%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, calcareous building stone imports surged to $X in 2021. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 68% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of calcareous building stone to Portugal, with a 61% share of total imports. Moreover, calcareous building stone imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by Ireland (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+39.1% per year) and Ireland (+53.3% per year).

In value terms, Spain ($X) constituted the largest supplier of calcareous building stone to Portugal, comprising 75% of total imports. The second position in the ranking was held by Belgium ($X), with a 13% share of total imports. It was followed by Ireland, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+31.2% per year) and Ireland (+37.5% per year).

Import Prices by Country

In 2021, the average calcareous building stone import price amounted to $X per ton, with an increase of 2.3% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calcareous building stone import price decreased by -5.0% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 34%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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