Carbonates; Potassium Carbonate Price in Portugal - 2023

Contents:

  1. Carbonates; Potassium Carbonate Price in Portugal (CIF) - 2022
  2. Carbonates; Potassium Carbonate Price in Portugal (FOB) - 2022
  3. Carbonates; Potassium Carbonate Imports in Portugal
  4. Carbonates; Potassium Carbonate Exports in Portugal

Carbonates; Potassium Carbonate Price in Portugal (CIF) - 2022

The average carbonates; potassium carbonate import price stood at $1,772 per ton in 2022, increasing by 44% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; potassium carbonate import price increased by +59.8% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($2,392 per ton), while the price for Russia ($932 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Carbonates; Potassium Carbonate Price in Portugal (FOB) - 2022

The average carbonates; potassium carbonate export price stood at $706 per ton in 2022, picking up by 32% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 78% against the previous year. The export price peaked at $3,397 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($3,795 per ton), while the average price for exports to Spain stood at $551 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.

Carbonates; Potassium Carbonate Imports in Portugal

In 2022, approx. 350 tons of carbonates; potassium carbonates were imported into Portugal; reducing by -23.4% on the previous year's figure. Over the period under review, imports recorded a abrupt downturn. The smallest decline of -6.6% was in 2021.

In value terms, carbonates; potassium carbonate imports rose significantly to $621K in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Carbonates; Potassium Carbonate in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain453229292367-6.8%
Germany85.520511395.93.9%
GreeceN/AN/AN/A84.70%
RussiaN/A27.563.120.9-12.8%
Netherlands11.834.345.420.720.6%
Others37.036.148.031.6-5.1%
Total5875325616211.9%

Top Suppliers of Carbonates; Potassium Carbonate to Portugal in 2022:

  1. Spain (195.8 tons)
  2. Germany (67.9 tons)
  3. Greece (44.8 tons)
  4. Russia (22.4 tons)
  5. Netherlands (9.1 tons)

Carbonates; Potassium Carbonate Exports in Portugal

In 2022, carbonates; potassium carbonate exports from Portugal soared to 74 tons, picking up by 172% on the previous year. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 5,482% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, carbonates; potassium carbonate exports soared to $52K in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 9,665% against the previous year. As a result, the exports attained the peak of $182K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Carbonates; Potassium Carbonate in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain0.9N/A14.238.8250.6%
Angola0.91810.413.3145.4%
OthersN/A1.2N/A0.1-71.1%
Total1.918214.652.2201.7%

Top Export Markets for Carbonates; Potassium Carbonate from Portugal in 2022:

  1. Spain (70.4 tons)
  2. Angola (3.5 tons)

Source: IndexBox Market Intelligence Platform

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