Portugal: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Portugal

In 2022, the Portuguese ferro-alloys market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Ferro-Alloys Exports

Exports from Portugal

In 2022, overseas shipments of ferro-alloys decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-alloys exports shrank slightly to $X in 2022. Overall, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for ferro-alloys exports from Portugal, with a X% share of total exports. It was followed by Morocco (X tons), with a X% share of total exports.

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

In value terms, Spain ($X) remains the key foreign market for ferro-alloys exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled X%.

Export Prices by Country

The average ferro-alloys export price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price, however, showed a modest expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Morocco ($X per ton), while the average price for exports to Spain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (X%).

Ferro-Alloys Imports

Imports into Portugal

In 2022, overseas purchases of ferro-alloys decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then dropped notably in the following year.

In value terms, ferro-alloys imports fell to $X in 2022. Overall, total imports indicated a perceptible 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 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest ferro-alloys supplier to Portugal, accounting for a X% share of total imports. Moreover, ferro-alloys imports from Spain exceeded the figures recorded by the second-largest supplier, Gabon (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Gabon (X% per year) and Italy (X% per year).

In value terms, Spain ($X) constituted the largest supplier of ferro-alloys to Portugal, comprising X% of total imports. The second position in the ranking was held by Gabon ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Gabon (X% per year) and Italy (X% per year).

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a tangible 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, ferro-alloys import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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