Portugal: Market for Chromium, Manganese, Lead and Copper Oxides and Hydroxides 2024

Market Size for Chromium, Manganese, Lead and Copper Oxides and Hydroxides in Portugal

In 2022, the Portuguese market for chromium, manganese, lead and copper oxides and hydroxides decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Chromium, Manganese, Lead and Copper Oxides and Hydroxides in Portugal

In value terms, production of chromium, manganese, lead and copper oxides and hydroxides reduced to $X in 2022 estimated in export price. Overall, production showed a mild slump. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Exports from Portugal

In 2022, approx. X tons of chromium, manganese, lead and copper oxides and hydroxides were exported from Portugal; rising by X% on 2021. Overall, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of chromium, manganese, lead and copper oxides and hydroxides skyrocketed to $X in 2022. In general, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for exports of chromium, manganese, lead and copper oxides and hydroxides from Portugal, accounting for a X% share of total exports. Moreover, exports of chromium, manganese, lead and copper oxides and hydroxides to Spain exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. Poland (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X.3% per year) and Poland (X% per year).

In value terms, the United Arab Emirates ($X), Poland ($X) and Spain ($X) appeared to be the largest markets for chromium, manganese, lead and copper oxide and hydroxide exported from Portugal worldwide, together accounting for X% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for chromium, manganese, lead and copper oxides and hydroxides amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, 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 Poland ($X per ton), while the average price for exports to Spain ($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 Italy (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Imports into Portugal

In 2022, overseas purchases of chromium, manganese, lead and copper oxides and hydroxides decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, imports of chromium, manganese, lead and copper oxides and hydroxides contracted to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Sweden (X tons), Norway (X tons) and Brazil (X tons) were the main suppliers of imports of chromium, manganese, lead and copper oxides and hydroxides to Portugal, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) constituted the largest supplier of chromium, manganese, lead and copper oxides and hydroxides to Portugal, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Norway amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2022, the average import price for chromium, manganese, lead and copper oxides and hydroxides amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chromium, manganese, lead and copper oxides and hydroxides increased by X% against 2016 indices. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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