Portugal - Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steel and Iron Articles in Portugal - 2023
Contents:
- Price for Steel and Iron Articles in Portugal (FOB) - 2022
- Price for Steel and Iron Articles in Portugal (CIF) - 2023
- Exports of Steel and Iron Articles in Portugal
- Imports of Steel and Iron Articles in Portugal
Price for Steel and Iron Articles in Portugal (FOB) - 2022
The average steel and iron articles export price stood at $5,634 per ton in 2022, growing by 27% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel and iron articles export price increased by +73.4% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Germany ($9,093 per ton), while the average price for exports to Turkey ($733 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 (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel and Iron Articles in Portugal (CIF) - 2023
The average steel and iron articles import price stood at $3,164 per ton in June 2023, shrinking by -35.1% against the previous month. Overall, the import price saw a mild shrinkage. The growth pace was the most rapid in February 2023 when the average import price increased by 34% month-to-month. Over the period under review, average import prices attained the maximum at $5,155 per ton in December 2022; however, from January 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($9,243 per ton), while the price for the Netherlands ($509 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the UK (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel and Iron Articles in Portugal
For the third year in a row, Portugal recorded decline in shipments abroad of articles of iron or steel, which decreased by -12.7% to 56K tons in 2022. Over the period under review, exports faced a abrupt contraction. The smallest decline of -1.4% was in 2021.
In value terms, steel and iron articles exports expanded markedly to $314M in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 17%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Steel and Iron Articles in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 76.6 | 79.4 | 105 | 118 | 15.5% |
| Spain | 130 | 92.1 | 81.9 | 80.4 | -14.8% |
| Germany | 15.6 | 18.3 | 27.5 | 28.7 | 22.5% |
| Switzerland | 7.3 | 6.8 | 11.3 | 9.9 | 10.7% |
| United States | 3.9 | 3.6 | 3.4 | 7.3 | 23.2% |
| United Kingdom | 3.8 | 3.8 | 5.7 | 6.7 | 20.8% |
| Angola | 6.0 | 3.9 | 4.1 | 6.5 | 2.7% |
| Netherlands | 4.6 | 4.7 | 5.8 | 6.1 | 9.9% |
| Russia | 0.6 | 0.5 | 0.6 | 3.2 | 74.7% |
| Turkey | 0.2 | 0.1 | 0.3 | 0.6 | 44.2% |
| Others | 38.8 | 28.6 | 38.3 | 45.9 | 5.8% |
| Total | 287 | 242 | 284 | 314 | 3.0% |
Top Export Markets for Steel and Iron Articles from Portugal in 2022:
- France (22.6K tons)
- Spain (13.5K tons)
- Germany (3.2K tons)
- Netherlands (1.7K tons)
- Switzerland (1.2K tons)
- United States (1.0K tons)
- Angola (1.0K tons)
- United Kingdom (1.0K tons)
- Turkey (0.9K tons)
- Russia (0.9K tons)
Imports of Steel and Iron Articles in Portugal
Steel and iron articles imports into Portugal rose remarkably to 67K tons in 2022, increasing by 7% compared with the previous year. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, steel and iron articles imports soared to $299M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 32%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Steel and Iron Articles in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 104 | 84.1 | 99.2 | 131 | 8.0% |
| Germany | 36.2 | 28.3 | 40.6 | 44.8 | 7.4% |
| France | 13.3 | 15.6 | 17.0 | 26.2 | 25.4% |
| Italy | 7.9 | 9.5 | 14.7 | 16.9 | 28.9% |
| China | 10.0 | 8.9 | 18.6 | 15.3 | 15.2% |
| Netherlands | 8.7 | 9.1 | 13.7 | 10.9 | 7.8% |
| Poland | 5.3 | 4.6 | 4.8 | 5.8 | 3.1% |
| Turkey | 1.8 | 3.1 | 5.0 | 4.4 | 34.7% |
| Others | 32.9 | 26.1 | 35.6 | 43.0 | 9.3% |
| Total | 220 | 189 | 249 | 299 | 10.8% |
Top Suppliers of Steel and Iron Articles to Portugal in 2022:
- Spain (26.8K tons)
- Netherlands (12.7K tons)
- Germany (8.0K tons)
- France (3.6K tons)
- China (3.3K tons)
- Italy (2.5K tons)
- Turkey (2.0K tons)
- Poland (1.1K tons)
This report provides an in-depth analysis of the market for steel and iron articles in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992945 - Articles of iron or steel, n.e.s.
- Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
- Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
- Prodcom 25992935 - Iron or steel reels for cables, piping and the like
- Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)
Country coverage:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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