Portugal: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Portugal

The Portuguese oxides of boron market surged to $X in 2022, jumping by 21% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Oxides Of Boron Production in Portugal

In value terms, oxides of boron production amounted to $X in 2022 estimated in export price. In general, production saw a precipitous slump. The most prominent rate of growth was recorded in 2016 with an increase of 39% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Oxides Of Boron Exports

Exports from Portugal

For the third consecutive year, Portugal recorded growth in overseas shipments of oxides of boron, boric acids and inorganic acids, which increased by 3.9% to X tons in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 283% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, oxides of boron exports fell to $X in 2022. Over the period under review, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 362%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Angola (X tons), Cabo Verde (X tons) and South Africa (X tons) were the main destinations of oxides of boron exports from Portugal, with a combined 88% share of total exports. Spain and Honduras lagged somewhat behind, together comprising a further 9.8%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +106.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oxides of boron exported from Portugal were Angola ($X), South Africa ($X) and Cabo Verde ($X), together comprising 75% of total exports. Honduras and Spain lagged somewhat behind, together accounting for a further 20%.

Spain, with a CAGR of +132.9%, saw the highest rates of growth with regard to 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 oxides of boron export price stood at $X per ton in 2022, with a decrease of -11.5% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2019 an increase of 102%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Spain ($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 Spain (+13.0%), while the prices for the other major destinations experienced a decline.

Oxides Of Boron Imports

Imports into Portugal

For the fifth year in a row, Portugal recorded growth in supplies from abroad of oxides of boron, boric acids and inorganic acids, which increased by 0.9% to X tons in 2022. Overall, imports showed temperate growth. The growth pace was the most rapid in 2018 with an increase of 61%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, oxides of boron imports soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 110% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest oxides of boron supplier to Portugal, accounting for a 42% share of total imports. Moreover, oxides of boron imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+110.7% per year) and Belgium (+11.6% per year).

In value terms, Spain ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest oxides of boron suppliers to Portugal, with a combined 51% share of total imports. China, Luxembourg, Turkey, Germany, Peru and France lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Luxembourg, with a CAGR of +4,833.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average oxides of boron import price stood at $X per ton in 2022, growing by 46% against the previous year. Overall, the import price, however, continues to indicate a noticeable setback. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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