Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Portugal - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Portugal (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Portugal (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Portugal
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Portugal

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Portugal (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.3 per unit, with a decrease of -52.1% against the previous year. Over the period under review, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 71%. Over the period under review, average import prices hit record highs at $1.6 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 the United States ($2.1 per unit), while the price for Indonesia ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+51.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Portugal (FOB) - 2022

The average export price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.6 per unit in 2022, increasing by 13% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 83%. Over the period under review, the average export prices reached the maximum at $0.6 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1.4 per unit), while the average price for exports to Turkey ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+19.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Portugal

For the fourth consecutive year, Portugal recorded growth in supplies from abroad of millstones, grindstones, grinding wheels and the like; of natural stones, which increased by 180% to 518K units in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones surged to $170K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Portugal in 2022:

1. Italy (414.5K units)
2. Spain (60.1K units)
3. United States (19.4K units)
4. Poland (13.5K units)
5. Indonesia (1.9K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Portugal

In 2022, approx. 52K units of millstones, grindstones, grinding wheels and the like; of natural stones were exported from Portugal; reducing by -56.1% compared with the year before. Over the period under review, exports saw a sharp shrinkage. The smallest decline of -27.7% was in 2021. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones reached the peak figure at 240K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones dropped sharply to $32K in 2022. Overall, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 0.3%. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones reached the maximum at $81K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Portugal in 2022:

1. Switzerland (32.2K units)
2. Angola (16.3K units)
3. United Arab Emirates (2.2K units)
4. Turkey (1.0K units)

Source: IndexBox Market Intelligence Platform