Clay Market in Portugal
Market Overview
The Portuguese clay market fell significantly to $
in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt setback. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption failed to regain momentum.
In value terms, clay production rose to $ in estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2012 to , production growth failed to regain momentum.
in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt setback. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption failed to regain momentum.In value terms, clay production rose to $
in estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2012 to , production growth failed to regain momentum.Consumption
In , the amount of clays consumed in Portugal declined notably to tons, which is down by -% on the previous year. In general, consumption recorded a noticeable downturn. Clay consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The size of the clay market in Portugal declined significantly to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt curtailment. Clay consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.
, the amount of clays consumed in Portugal declined notably to tons, which is down by -% on the previous year. In general, consumption recorded a noticeable downturn. Clay consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The size of the clay market in Portugal declined significantly to $
in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt curtailment. Clay consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.Consumption by Type
Kaolin and kaolinic clays ( tons), fireclay ( tons) and clays for construction and industrial use ( tons) were the main products of clay consumption in Portugal, together comprising % of the total volume. These products were followed by bentonite, which accounted for a further %.
From 2007 to, the biggest increases were recorded for bentonite (with a CAGR of +%), while consumption for the other products experienced a decline.
In value terms, kaolin and kaolinic clays ($) led the market, alone. The second position in the ranking was taken by bentonite ($). It was followed by fireclay.
From 2007 to, the average annual growth rate of the value of kaolin and kaolinic clays markets amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: bentonite (+% per year) and fireclay (-% per year).
tons), fireclay ( tons) and clays for construction and industrial use ( tons) were the main products of clay consumption in Portugal, together comprising % of the total volume. These products were followed by bentonite, which accounted for a further %.From 2007 to
, the biggest increases were recorded for bentonite (with a CAGR of +%), while consumption for the other products experienced a decline.In value terms, kaolin and kaolinic clays ($
) led the market, alone. The second position in the ranking was taken by bentonite ($). It was followed by fireclay.From 2007 to
, the average annual growth rate of the value of kaolin and kaolinic clays markets amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: bentonite (+% per year) and fireclay (-% per year).Market Forecast
Depressed by shrinking demand for clay in Portugal, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Portugal increased significantly over the last fifteen years (from % to %). In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
% to %). In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
Portugal remains a net exporter of clay; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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