Portugal: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Portugal

The Portuguese ferro-cerium and pyrophoric alloys market plummeted to $X in 2021, which is down by -27.1% against the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% 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 +52.9% against 2017 indices. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in Portugal

In value terms, ferro-cerium and pyrophoric alloys production shrank markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed pronounced growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 1,360%. As a result, production attained the peak level of $X, and then declined dramatically in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Portugal

In 2021, shipments abroad of ferro-cerium and pyrophoric alloys increased by 16% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a strong increase. The growth pace was the most rapid in 2013 with an increase of 226% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2021. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 181% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Angola (X tons), France (X tons) and Chile (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from Portugal, with a combined 77% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +41.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), France ($X) and Chile ($X) were the largest markets for ferro-cerium and pyrophoric alloys exported from Portugal worldwide, with a combined 77% share of total exports. Mozambique, Cabo Verde and Spain lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Spain, with a CAGR of +41.0%, recorded the highest rates of growth with regard to 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 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, rising by 32% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2019 when the average export price increased by 143%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Angola ($X per ton) and Cabo Verde ($X per ton), while the average price for exports to France ($X per ton) and Mozambique ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Portugal

Ferro-cerium and pyrophoric alloys imports into Portugal declined to X tons in 2021, shrinking by -9% on 2020. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports shrank slightly to $X in 2021. Overall, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% 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 +50.9% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of 52% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Portugal, with a 48% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Croatia (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.0% per year) and Croatia (+18.6% per year).

In value terms, the UK ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Portugal, comprising 47% of total imports. The second position in the ranking was taken by Croatia ($X), with a 14% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+36.5% per year) and Germany (-7.7% per year).

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, increasing by 5.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 8.5%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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