Chlorides; of Aluminium Price in Portugal - 2023

Chlorides; of Aluminium Price in Portugal (FOB) - 2023

In August 2023, the average chlorides; of aluminium export price amounted to $243 per ton, with a decrease of -3.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 19% m-o-m. Over the period under review, the average export prices attained the peak figure at $255 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From August 2022 to August 2023, the rate of growth in terms of prices for Spain amounted to +1.9% per month.

Chlorides; of Aluminium Price in Portugal (CIF) - 2022

The average chlorides; of aluminium import price stood at $200 per ton in 2022, which is down by -12.7% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 11%. The import price peaked at $294 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -3.5% per year.

Chlorides; of Aluminium Exports in Portugal

In 2022, shipments abroad of chlorides; of aluminia decreased by -19.5% to 8.2K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 13%. As a result, the exports attained the peak of 14K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chlorides; of aluminium exports declined rapidly to $1.7M in 2022. In general, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $3.1M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Chlorides; of Aluminium in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	2.6	3.0	2.3	1.7	-13.2%
Others	N/A	0.1	N/A	N/A	0%
Total	2.7	3.1	2.3	1.7	-14.3%

Top Export Markets for Chlorides; of Aluminium from Portugal in 2022:

Spain (8.1K tons)

Chlorides; of Aluminium Imports in Portugal

In 2022, approx. 11K tons of chlorides; of aluminia were imported into Portugal; growing by 27% against the previous year. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of aluminium imports expanded rapidly to $2.2M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern.