Portugal: Ferro-Silicon Market 2025

Ferro-Silicon Market Size in Portugal

The Portuguese ferro-silicon market soared to $X in 2022, surging by 62% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +87.2% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ferro-Silicon Exports

Exports from Portugal

After two years of growth, overseas shipments of ferro-silicon decreased by -0.9% to X tons in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 15,865%. As a result, the exports attained the peak of X tons, leveling off in the following year.

In value terms, ferro-silicon exports declined slightly to $X in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 107,970% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Spain (X tons) was the main destination for ferro-silicon exports from Portugal, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +66.4%.

In value terms, Spain ($X) also remains the key foreign market for ferro-silicon exports from Portugal.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +78.5%.

Export Prices by Country

The average ferro-silicon export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 577%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, 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 +7.3% per year.

Ferro-Silicon Imports

Imports into Portugal

For the fifth year in a row, Portugal recorded growth in purchases abroad of ferro-silicon, which increased by 45% to X tons in 2022. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 54% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, ferro-silicon imports soared to $X in 2022. In general, imports recorded a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 51% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest ferro-silicon supplier to Portugal, accounting for a 75% share of total imports. Moreover, ferro-silicon imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. France (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+76.8% per year) and France (+4.2% per year).

In value terms, Spain ($X) constituted the largest supplier of ferro-silicon to Portugal, comprising 71% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Slovenia, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+69.7% per year) and Slovenia (+317.7% per year).

Import Prices by Country

The average ferro-silicon import price stood at $X per ton in 2022, flattening at the previous year. In general, the import price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 22%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+8.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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