Portugal: Common Clay Market 2024

Common Clay Market Size in Portugal

The Portuguese common clay market declined markedly to $X in 2022, with a decrease of -65.5% against the previous year. In general, consumption continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Common Clay Production in Portugal

In value terms, common clay production reached $X in 2022 estimated in export price. Overall, production recorded a perceptible curtailment. The growth pace was the most rapid in 2017 when the production volume increased by 9.9%. 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.

Common Clay Exports

Exports from Portugal

After three years of decline, overseas shipments of common clay increased by 166% to X tons in 2022. In general, exports recorded a resilient increase. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, common clay exports soared to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), Italy (X tons) and Egypt (X tons) were the main destinations of common clay exports from Portugal, with a combined 96% share of total exports. Algeria lagged somewhat behind, accounting for a further 1.5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +23.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for common clay exported from Portugal were Spain ($X), Italy ($X) and Egypt ($X), with a combined 91% share of total exports. Algeria lagged somewhat behind, comprising a further 3.3%.

Among the main countries of destination, Algeria, with a CAGR of +28.0%, recorded 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

The average common clay export price stood at $X per ton in 2022, picking up by 23% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, common clay export price increased by +72.9% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Italy ($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 (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Common Clay Imports

Imports into Portugal

In 2022, the amount of common clay imported into Portugal contracted notably to X tons, which is down by -16.4% on 2021 figures. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +31.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 59% against the previous year. Imports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, common clay imports reduced to $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +45.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of common clay to Portugal, with a 86% share of total imports. Moreover, common clay imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. France (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and France (-6.8% per year).

In value terms, Spain ($X) constituted the largest supplier of common clay to Portugal, comprising 78% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.4% share of total imports. It was followed by Germany, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.2% per year) and Germany (-0.3% per year).

Import Prices by Country

In 2022, the average common clay import price amounted to $X per ton, rising by 12% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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