Portugal: Magnesium Market 2025

Magnesium Market Size in Portugal

The Portuguese magnesium market expanded remarkably to $X in 2021, surging by 6.9% 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). In general, consumption posted resilient growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Magnesium Exports

Exports from Portugal

In 2021, the amount of magnesium exported from Portugal surged to X tons, growing by 663% against the previous year's figure. Overall, exports recorded a significant increase. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnesium exports soared to $X in 2021. Over the period under review, exports showed a significant increase. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for magnesium exports from Portugal, with a 87% share of total exports. Moreover, magnesium exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +41.9%.

In value terms, Spain ($X) emerged as the key foreign market for magnesium exports from Portugal, comprising 87% of total exports. The second position in the ranking was held by Angola ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +47.6%.

Export Prices by Country

In 2021, the average magnesium export price amounted to $X per ton, with an increase of 30% against the previous year. Overall, the export price showed measured growth. The growth pace was the most rapid in 2015 an increase of 46% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Angola totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Magnesium Imports

Imports into Portugal

In 2021, approx. X tons of magnesium were imported into Portugal; surging by 15% on the previous year's figure. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 110% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, magnesium imports soared to $X in 2021. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 122%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of magnesium to Portugal, accounting for a 59% share of total imports. Moreover, magnesium imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.1% per year) and Austria (+40.2% per year).

In value terms, Spain ($X) constituted the largest supplier of magnesium to Portugal, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Austria, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.4% per year) and Austria (+63.6% per year).

Import Prices by Country

The average magnesium import price stood at $X per ton in 2021, rising by 5.5% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 21%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+16.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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