Portugal: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Portugal

In 2021, the Portuguese silicon dioxide market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Silicon dioxide consumption peaked in 2021 and is expected to retain growth in the near future.

Silicon Dioxide Exports

Exports from Portugal

In 2021, overseas shipments of silicon dioxide increased by 127% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 2,180%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silicon dioxide exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a moderate expansion. The pace of growth was the most pronounced in 2017 when exports increased by 357%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for silicon dioxide exports from Portugal, with a 65% share of total exports. Moreover, silicon dioxide exports to Romania exceeded the volume sent to the second major destination, Slovakia (X tons), fourfold. Angola (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Romania stood at +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+2.3% per year) and Angola (-16.5% per year).

In value terms, Romania ($X) emerged as the key foreign market for silicon dioxide exports from Portugal, comprising 47% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 15% share of total exports. It was followed by Angola, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+3.7% per year) and Angola (-5.8% per year).

Export Prices by Country

In 2021, the average silicon dioxide export price amounted to $X per ton, with a decrease of -23.2% against the previous year. Over the period under review, the export price, however, recorded a moderate increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 975%. The export price peaked at $X per ton in 2020, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Portugal

In 2021, overseas purchases of silicon dioxide were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, silicon dioxide imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), France (X tons) and India (X tons) were the main suppliers of silicon dioxide imports to Portugal, together accounting for 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +47.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon dioxide suppliers to Portugal were France ($X), Spain ($X) and Germany ($X), with a combined 84% share of total imports. These countries were followed by Italy and India, which together accounted for a further 10%.

India, with a CAGR of +48.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average silicon dioxide import price stood at $X per ton in 2021, increasing by 7.7% against the previous year. Overall, the import price, however, saw a perceptible downturn. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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