Portugal: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Portugal

The Portuguese barium or aluminium sulphates market fell to $X in 2022, shrinking by -8.7% against the previous year. Over the period under review, consumption recorded a slight reduction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in Portugal

In value terms, barium or aluminium sulphates production reduced modestly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 62% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports from Portugal

In 2022, the amount of sulphates of barium or aluminium exported from Portugal skyrocketed to X tons, rising by 93% on 2021. Over the period under review, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, barium or aluminium sulphates exports skyrocketed to $X in 2022. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 128% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for barium or aluminium sulphates exports from Portugal, accounting for a 97% share of total exports. It was followed by Angola (X tons), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +66.5%.

In value terms, Spain ($X) remains the key foreign market for sulphates of barium or aluminium exports from Portugal, comprising 82% of total exports. The second position in the ranking was taken by Angola ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +59.8%.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, declining by -12.9% against the previous year. In general, the export price saw a slight decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 119% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sulphates Of Barium Or Aluminium

Imports into Portugal

In 2022, barium or aluminium sulphates imports into Portugal surged to X tons, picking up by 48% on 2021 figures. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, barium or aluminium sulphates imports expanded notably to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +36.9% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 53% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest barium or aluminium sulphates supplier to Portugal, accounting for a 75% share of total imports. Moreover, barium or aluminium sulphates imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+24.2% per year) and Germany (-2.8% per year).

In value terms, Spain ($X), Germany ($X) and Turkey ($X) appeared to be the largest barium or aluminium sulphates suppliers to Portugal, together comprising 91% of total imports. These countries were followed by China, which accounted for a further 4.4%.

China, with a CAGR of +31.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, reducing by -22.9% against the previous year. Overall, the import price recorded a noticeable downturn. The growth pace was the most rapid in 2014 an increase of 46%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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