Portugal: Propellant Powders Market 2024

Propellant Powders Market Size in Portugal

For the fourth consecutive year, the Portuguese propellant powders market recorded growth in sales value, which increased by 0.3% to $X in 2021. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Propellant powders consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Propellant Powders Production in Portugal

In value terms, propellant powders production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 6.6%. As a result, production attained the peak level of $X, and then reduced slightly in the following year.

Propellant Powders Exports

Exports from Portugal

Propellant powders exports from Portugal contracted markedly to X kg in 2019, reducing by -17.5% on 2018 figures. Overall, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2015 when exports increased by 293% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, propellant powders exports reduced to $X in 2019. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2015 with an increase of 474% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X kg) was the main destination for propellant powders exports from Portugal, with a 88% share of total exports. Moreover, propellant powders exports to Spain exceeded the volume sent to the second major destination, France (X kg), tenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Spain stood at -44.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and the Netherlands (-9.4% per year).

In value terms, Spain ($X) remains the key foreign market for propellant powders exports from Portugal, comprising 54% of total exports. The second position in the ranking was held by France ($X), with an 18% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Spain amounted to -37.6%.

Export Prices by Country

In 2019, the average propellant powders export price amounted to $X per ton, rising by 6.1% against the previous year. In general, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2014 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices reached the maximum in 2019 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 France ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+118.2%), while the prices for the other major destinations experienced mixed trend patterns.

Propellant Powders Imports

Imports into Portugal

In 2021, approx. X tons of propellant powders were imported into Portugal; with an increase of 53% compared with 2020 figures. Over the period under review, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 77% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, propellant powders imports skyrocketed to $X in 2021. Overall, imports, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2015 with an increase of 56% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons) and Spain (X tons) were the main suppliers of propellant powders imports to Portugal.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +1.5%).

In value terms, France ($X) constituted the largest supplier of propellant powders to Portugal, comprising 75% of total imports. The second position in the ranking was held by Spain ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value from France totaled +2.1%.

Import Prices by Country

In 2021, the average propellant powders import price amounted to $X per ton, waning by -5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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