Portugal: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2025

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Portugal

In 2022, the Portuguese magnesium hydroxide and peroxide market increased by 30% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a significant expansion. Magnesium hydroxide and peroxide consumption peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Portugal

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were exported from Portugal; jumping by 729% against the previous year's figure. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesium hydroxide and peroxide exports surged to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 1,568% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Mexico (X tons) was the main destination for magnesium hydroxide and peroxide exports from Portugal, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Mexico totaled +102.7%.

In value terms, Mexico ($X) also remains the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from Portugal.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico totaled +111.5%.

Export Prices by Country

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2022, picking up by 38% against the previous year. In general, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 460% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +4.3% per year.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Portugal

In 2022, overseas purchases of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium increased by 56% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 166% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, magnesium hydroxide and peroxide imports surged to $X in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 186% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest magnesium hydroxide and peroxide supplier to Portugal, with a 85% share of total imports. Moreover, magnesium hydroxide and peroxide imports from Russia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold. The third position in this ranking was held by Spain (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +285.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+40.0% per year) and Spain (+4.1% per year).

In value terms, Russia ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Portugal, comprising 86% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 9.6% share of total imports. It was followed by Spain, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at +293.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+41.2% per year) and Spain (-5.9% per year).

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, growing by 11% against the previous year. In general, the import price, however, saw a pronounced downturn. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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