Portugal: Plaster Market 2024

Plaster Market Size in Portugal

The Portuguese plaster market soared to $X in 2022, rising by 29% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +92.7% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plaster Production in Portugal

In value terms, plaster production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 31% against the previous year. Plaster production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plaster Exports

Exports from Portugal

In 2022, overseas shipments of plaster decreased by -31.5% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a sharp downturn. The growth pace was the most rapid in 2020 with an increase of 24%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaster exports reduced sharply to $X in 2022. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 42%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Cabo Verde (X tons), Spain (X tons) and Switzerland (X tons) were the main destinations of plaster exports from Portugal, with a combined 74% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +52.4%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Switzerland ($X) and Cabo Verde ($X) were the largest markets for plaster exported from Portugal worldwide, together comprising 82% of total exports.

Switzerland, with a CAGR of +69.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 plaster export price amounted to $X per ton, reducing by -27.6% against the previous year. Overall, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 76%. As a result, the export price attained the peak level of $X per ton, and then declined remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Cabo Verde ($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 Denmark (+377.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Imports

Imports into Portugal

In 2022, the amount of plaster imported into Portugal soared to X tons, increasing by 44% against the previous year. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plaster imports skyrocketed to $X in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +101.1% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Morocco (X tons), Spain (X tons) and France (X tons) were the main suppliers of plaster imports to Portugal, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +378.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of plaster to Portugal, comprising 54% of total imports. The second position in the ranking was taken by France ($X), with a 23% share of total imports. It was followed by Morocco, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+15.7% per year) and Morocco (+289.6% per year).

Import Prices by Country

The average plaster import price stood at $X per ton in 2022, dropping by -10.9% against the previous year. Overall, the import price continues to indicate a noticeable descent. The growth pace was the most rapid in 2013 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Morocco ($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 (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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