Portugal: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in Portugal

The Portuguese limestone flux and limestone market reduced remarkably to $X in 2022, waning by -26.2% against the previous year. In general, consumption recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when the market value increased by 5.6% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Limestone Flux, Limestone And Calcareous Stone in Portugal

In value terms, limestone flux and limestone production declined dramatically to $X in 2022 estimated in export price. In general, production saw a deep downturn. The growth pace was the most rapid in 2021 when the production volume increased by 7.9%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Portugal

In 2022, approx. X tons of limestone flux, limestone and calcareous stone were exported from Portugal; surging by 9.1% on the previous year's figure. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 662%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, limestone flux and limestone exports rose sharply to $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 454%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for limestone flux and limestone exports from Portugal, accounting for a 68% share of total exports. Moreover, limestone flux and limestone exports to France exceeded the volume sent to the second major destination, Ukraine (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Poland (0.0% per year).

In value terms, Ukraine ($X), France ($X) and Poland ($X) appeared to be the largest markets for limestone flux and limestone exported from Portugal worldwide, with a combined 97% share of total exports.

France, with a CAGR of +17.3%, saw the highest growth rate of the value of exports, among 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

The average limestone flux and limestone export price stood at $X per ton in 2022, growing by 2.7% against the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 62%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

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 Ukraine ($X per ton), while the average price for exports to the UK ($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 Mozambique (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Portugal

After two years of growth, overseas purchases of limestone flux, limestone and calcareous stone decreased by -42% to X tons in 2022. Over the period under review, imports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 10,920% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, limestone flux and limestone imports skyrocketed to $X in 2022. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 3,542%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of limestone flux and limestone to Portugal, with a 52% share of total imports. Moreover, limestone flux and limestone imports from Canada exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Australia (X kg) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-54.7% per year) and Australia (0.0% per year).

In value terms, Canada ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to Portugal, comprising 97% of total imports. The second position in the ranking was held by Spain ($X), with a 1.2% share of total imports. It was followed by Australia, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-42.5% per year) and Australia (0.0% per year).

Import Prices by Country

The average limestone flux and limestone import price stood at $X per ton in 2022, picking up by 1,278% against the previous year. Overall, the import price posted a significant expansion. The pace of growth was the most pronounced in 2017 an increase of 3,001%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+73.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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