Portugal: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Portugal

In 2021, the Portuguese calcium carbonate market increased by 26% to $X, rising for the third consecutive year after four years of decline. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +125.7% against 2018 indices. Calcium carbonate consumption peaked in 2021 and is expected to retain growth in the immediate term.

Calcium Carbonate Production in Portugal

In value terms, calcium carbonate production soared to $X in 2021 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 increased by +113.5% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 51% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Calcium Carbonate Exports

Exports from Portugal

In 2021, calcium carbonate exports from Portugal expanded sharply to X tons, growing by 5.9% on 2020 figures. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 89%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, calcium carbonate exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 136% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for calcium carbonate exports from Portugal, with a 81% share of total exports. Moreover, calcium carbonate exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), ninefold. The third position in this ranking was held by Cabo Verde (X tons), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+5.9% per year) and Cabo Verde (+12.4% per year).

In value terms, Spain ($X) remains the key foreign market for calcium carbonate exports from Portugal, comprising 67% of total exports. The second position in the ranking was taken by Angola ($X), with a 13% share of total exports. It was followed by Cabo Verde, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+5.0% per year) and Cabo Verde (+13.2% per year).

Export Prices by Country

In 2021, the average calcium carbonate export price amounted to $X per ton, growing by 11% against the previous year. In general, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57%. 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 Angola ($X per ton), while the average price for exports to Ghana ($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 Cabo Verde (+0.7%), while the prices for the other major destinations experienced a decline.

Calcium Carbonate Imports

Imports into Portugal

In 2021, overseas purchases of calcium carbonate increased by 27% to X tons, rising for the fourth consecutive year after two years of decline. Overall, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +10.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.3% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 58% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, calcium carbonate imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 89% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Spain (X tons), France (X tons) and Belgium (X tons) were the main suppliers of calcium carbonate imports to Portugal, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +159.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Belgium ($X) were the largest calcium carbonate suppliers to Portugal, together accounting for 95% of total imports.

Belgium, with a CAGR of +87.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average calcium carbonate import price amounted to $X per ton, picking up by 17% against the previous year. In general, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calcium carbonate import price increased by +50.3% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 29% against the previous year. 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, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :