Portugal: Prepared Binders Market 2024

Prepared Binders Market Size in Portugal

After four years of decline, the Portuguese prepared binders market increased by X% to $X in 2022. In general, consumption saw strong growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Prepared Binders Production in Portugal

In value terms, prepared binders production soared to $X in 2022 estimated in export price. Overall, production recorded a significant increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in the near future.

Prepared Binders Exports

Exports from Portugal

In 2022, overseas shipments of prepared binders for foundry moulds or cores increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared binders exports fell notably to $X in 2022. Over the period under review, exports, however, recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal (X tons), Angola (X tons) and Cabo Verde (X tons) were the main destinations of prepared binders exports from Portugal, together comprising X% 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 Cabo Verde (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) emerged as the key foreign market for prepared binders for foundry moulds or cores exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Cabo Verde, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and Cabo Verde (X% per year).

Export Prices by Country

In 2022, the average prepared binders export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

Prepared Binders Imports

Imports into Portugal

In 2022, after four years of decline, there was growth in supplies from abroad of prepared binders for foundry moulds or cores, when their volume increased by X% to X tons. In general, imports posted a prominent increase. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, prepared binders imports reached $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and Slovenia (X tons) were the main suppliers of prepared binders imports to Portugal, together comprising X% of total imports. Brazil lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Slovenia ($X) constituted the largest prepared binders suppliers to Portugal, together accounting for X% of total imports. These countries were followed by Brazil, which accounted for a further X%.

Among the main suppliers, Brazil, with a CAGR of X.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average prepared binders import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price posted a noticeable expansion. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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