Portugal: Other Agglomerates Market 2024

Other Agglomerates Market Size in Portugal

The Portuguese other agglomerates market dropped notably to $X in 2022, declining by -25.8% against the previous year. Over the period under review, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped notably in the following year.

Other Agglomerates Production in Portugal

In value terms, other agglomerates production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 with an increase of 300%. Other agglomerates production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Other Agglomerates Exports

Exports from Portugal

In 2022, after two years of growth, there was significant decline in shipments abroad of other agglomerates, when their volume decreased by -26.2% to X tons. In general, exports recorded a deep downturn. The growth pace was the most rapid in 2014 with an increase of 78% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, other agglomerates exports amounted to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main destinations of other agglomerates exports from Portugal, with a combined 85% share of total exports. Belgium, the UK, Denmark, Slovakia and the Netherlands lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +62.1%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for other agglomerates exports from Portugal, comprising 52% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+37.7% per year) and France (+20.3% per year).

Export Prices by Country

The average other agglomerates export price stood at $X per ton in 2022, increasing by 38% against the previous year. Overall, the export price showed a noticeable increase. The pace of growth appeared the most rapid in 2016 an increase of 62% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($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 the Netherlands (+38.5%), while the prices for the other major destinations experienced more modest paces of growth.

Other Agglomerates Imports

Imports into Portugal

Other agglomerates imports into Portugal contracted notably to X tons in 2022, shrinking by -54.2% against 2021. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,358%. As a result, imports attained the peak of X tons, and then declined markedly in the following year.

In value terms, other agglomerates imports contracted markedly to $X in 2022. In general, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 945% against the previous year. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest other agglomerates supplier to Portugal, with a 79% share of total imports. Moreover, other agglomerates imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+52.7% per year) and France (+69.3% per year).

In value terms, Spain ($X) constituted the largest supplier of other agglomerates to Portugal, comprising 69% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+22.9% per year) and France (+25.7% per year).

Import Prices by Country

In 2022, the average other agglomerates import price amounted to $X per ton, rising by 7.2% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 67%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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