Report Update Nov 1, 2024

Portugal - Cement - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Cement Market 2024

Cement Market Size in Portugal

In 2022, the Portuguese cement market decreased by -11.6% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cement Production in Portugal

In value terms, cement production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild shrinkage. The growth pace was the most rapid in 2018 with an increase of 11%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cement Exports

Exports from Portugal

In 2022, shipments abroad of cement increased by 30% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2013 with an increase of 32%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cement exports skyrocketed to $X in 2022. In general, exports, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2013 with an increase of 34%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for cement exports from Portugal, with a 43% share of total exports. Moreover, cement exports to the UK exceeded the volume sent to the second major destination, Cabo Verde (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+1.0% per year) and Spain (+25.2% per year).

In value terms, the UK ($X) remains the key foreign market for cement exports from Portugal, comprising 45% of total exports. The second position in the ranking was taken by Spain ($X), with an 18% share of total exports. It was followed by Cabo Verde, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+21.9% per year) and Cabo Verde (+0.7% per year).

Export Prices by Country

The average cement export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 12%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Imports

Imports into Portugal

After two years of growth, purchases abroad of cement decreased by -18.5% to X tons in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by 38% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, cement imports reduced to $X in 2022. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 48%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Spain (X tons) was the main cement supplier to Portugal, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +11.1%.

In value terms, Spain ($X) constituted the largest supplier of cement to Portugal.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +9.1%.

Import Prices by Country

The average cement import price stood at $X per ton in 2022, picking up by 7% against the previous year. Over the period under review, the import price, however, saw a mild slump. The growth pace was the most rapid in 2018 an increase of 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -1.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cement in the world?

China constituted the country with the largest volume of cement consumption, comprising approx. 56% of total volume. Moreover, cement consumption in China exceeded the figures recorded by the second-largest consumer, India, sevenfold. The United States ranked third in terms of total consumption with a 2.9% share.

What are the largest producers of cement in the world?

The country with the largest volume of cement production was China, comprising approx. 56% of total volume. Moreover, cement production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The United States ranked third in terms of total production with a 2.4% share.

What are the leading suppliers of cement to Portugal?

In value terms, Spain constituted the largest supplier of cement to Portugal.

What are the leading importers of cement from Portugal?

In value terms, the largest markets for cement exported from Portugal were the UK, Cabo Verde and Spain, together comprising 69% of total exports. These countries were followed by the Netherlands, France and Guinea-Bissau, which together accounted for a further 26%.

What is the average export price for cement in Portugal?

In 2021, the average cement export price amounted to $65 per ton, rising by 11% against the previous year.

What is the average import price for cement in Portugal?

The average cement import price stood at $90 per ton in 2021, picking up by 4.7% against the previous year.

This report provides an in-depth analysis of the cement market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23511210 - Portland cement
Prodcom 23511290 - Other hydraulic cements

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023