Portugal: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Portugal

For the third consecutive year, the Portuguese prepared additives for cements market recorded growth in sales value, which increased by 24% to $X in 2022. Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.6% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Production of Prepared Additives For Cements, Mortars Or Concretes in Portugal

In value terms, prepared additives for cements production surged to $X in 2022 estimated in export price. Overall, production saw a measured expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 92%. Prepared additives for cements production peaked in 2022 and is expected to retain growth in the near future.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Portugal

In 2022, overseas shipments of prepared additives for cements, mortars or concretes increased by 8.9% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, faced a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, prepared additives for cements exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 59%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Ireland (X tons) and Spain (X tons) were the main destinations of prepared additives for cements exports from Portugal, together comprising 61% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +308.4%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) emerged as the key foreign market for prepared additives for cements, mortars or concretes exports from Portugal, comprising 35% of total exports. The second position in the ranking was taken by Ireland ($X), with a 15% share of total exports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Angola stood at -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+268.8% per year) and France (+21.0% per year).

Export Prices by Country

The average prepared additives for cements export price stood at $X per ton in 2022, jumping by 37% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared additives for cements export price increased by +52.9% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Guatemala ($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 (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Portugal

In 2022, the amount of prepared additives for cements, mortars or concretes imported into Portugal skyrocketed to X tons, jumping by 16% on the year before. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared additives for cements imports surged to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.1% against 2018 indices. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) was the main supplier of prepared additives for cements to Portugal, accounting for a 91% share of total imports. It was followed by Denmark (X tons), with a 2.7% share of total imports. Italy (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+70.5% per year) and Italy (-15.9% per year).

In value terms, Spain ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to Portugal, comprising 82% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.1% share of total imports. It was followed by Germany, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.1% per year) and Germany (-3.9% per year).

Import Prices by Country

In 2022, the average prepared additives for cements import price amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 Italy ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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