Market research

Binders for foundry moulds or cores market in Portugal, 2026

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Portuguese market for binders for foundry moulds or cores saw its volume increase from 10 392 tonnes in 2021 to 12 993 tonnes in 2023. This growth was supported by the industry's focus on precision and technical quality in mold manufacturing, which sustained demand for advanced binder solutions.

Legislative changes were a primary driver: Decree-Law No. 15/2022 reinforced Portugal's carbon neutrality commitment, influencing industrial policies, while EU CLP regulation updates affected the labeling and classification of chemical substances. These measures stimulated demand for compliant binders. Earlier, the pandemic and a reported decrease in cast parts production in 2020 had impacted the foundry sector, but adaptation to supply chain disruptions allowed for recovery.

Investments in technological innovation and sustainability, including the adoption of digital tools like IoT and AI and circular economy practices such as using recycled foundry sands, further supported market expansion. These factors encouraged a shift towards more efficient and sustainable binder products, contributing to the market's growth through 2023.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In kind
  1. 4.1.1. Production, 2021-2023
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2021-2023
2. 4.2. In value
  1. 4.2.1. Production, 2021-2023
  2. 4.2.2. Imports, 2018-2025
  3. 4.2.3. Exports, 2018-2025
  4. 4.2.4. Market size, 2021-2023
5. Production
1. 5.1. Production in Portugal
  1. 5.1.1. In kind, 2021-2023, t
  2. 5.1.2. In value, 2021-2023, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Portugal in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Portugal by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Portugal in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Portugal by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Portugal, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Portugal by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Portugal in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Portugal by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Portugal in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Portugal by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Portugal, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Portugal by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Portugal in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Portugal by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Portugal in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Portugal by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Portugal, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Portugal by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Portugal in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Portugal by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Portugal in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Portugal by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Portugal, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Portugal by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production binders for foundry moulds or cores in Portugal

In value, 2018-2021, K $ US

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

In kind, 2018-2021, t

Annual dynamics of production in Portugal in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports binders for foundry moulds or cores from Portugal

Exports in kind, t

The data shows irregular changes, pointing to a volatile market environment. Import levels fluctuated significantly, with a 335-fold difference between the peak in 2018 and the low in 2020. In 2021, Portugal exported 12 tonnes of binders for foundry moulds or cores, marking a substantial year-over-year increase of 1,843.3%. The minimum value was recorded in 2020 at 1 tonne, with the largest decline of 97.1% also occurring that year.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(89.5%)	(97.1%)	1 843.3%	(61.3%)

Source: SHEV.io

From 2018 to 2021, the United Kingdom, Poland, and Belgium were the primary buyers of binders for foundry moulds or cores from Portugal in terms of volume. The United Kingdom accounted for 60.3% of exports in kind, Poland for 13.4%, and Belgium for 10.3%, together making up 84.0% of total exports in kind.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Portugal in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Market performance showed noticeable fluctuations during this period. Exports changed by 650 times from the peak in 2018 to the trough in 2020. In 2021, Portugal exported 140 thousand US dollars worth of binders for foundry moulds or cores, representing an 8,221.0% increase over the previous year. The minimum value was recorded in 2020 at 2 thousand US dollars, while the largest decline of 96.7% occurred in 2019.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(96.7%)	(95.4%)	8 221.0%	(49.6%)

Source: SHEV.io

From 2018 to 2021, the United Kingdom, Poland, and France were the main buyers of binders for foundry moulds or cores from Portugal in value terms. The United Kingdom held a 50.4% share of exports in value, Poland 22.1%, and France 12.0%, collectively accounting for 84.5% of total exports in value.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Portugal in value, 2018-2021

Source: SHEV.io

Imports binders for foundry moulds or cores to Portugal

Imports in kind, t

Deliveries of binders for foundry moulds or cores to Portugal declined for the third consecutive year. In 2021, imports amounted to 3,043 tonnes, reflecting a 73.1% decrease compared to the previous year. Between 2018 and 2021, imports fell by 83.6%, which translates to an annualized rate of 45.2%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(23.2%)	(20.5%)	(73.1%)	(45.2%)

Source: SHEV.io

Throughout 2018–2021, the partner structure for imports in kind was dominated by Spain, which accounted for 88.1% of total flows. Other markets played a less significant role in this period.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Portugal in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

After a two-year decrease, the volume of binders for foundry moulds or cores imported by Portugal increased. In 2021, imports totalled 6,504 thousand US dollars, showing a sharp uptick of 49.9% compared to 2020. Between 2018 and 2021, imports decreased by 13.4%, equating to an annualized rate of 4.7%. The minimum value was recorded in 2020 at 4,340 thousand US dollars, with the largest decline of 29.4% occurring in 2019.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(29.4%)	(18.2%)	49.9%	(4.7%)

Source: SHEV.io

Throughout 2018–2021, Spain and Germany remained the key partner countries for imports in value terms, with a combined share of 89.8% of total flows. Other partners accounted for the remainder.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Portugal in value, 2018-2021

Source: SHEV.io