Portugal: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Portugal

In 2022, the Portuguese adhesive bandage market decreased by -70.2% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption faced a abrupt descent. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Adhesive Bandage Production in Portugal

In value terms, adhesive bandage production fell to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Adhesive Bandage Exports

Exports from Portugal

In 2022, overseas shipments of adhesive bandages increased by 60% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 90% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, adhesive bandage exports skyrocketed to $X in 2022. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 71%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Spain (X tons) was the main destination for adhesive bandage exports from Portugal, accounting for a 60% share of total exports. Moreover, adhesive bandage exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), fourfold. France (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+112.2% per year) and France (+50.8% per year).

In value terms, Spain ($X) remains the key foreign market for adhesive bandages exports from Portugal, comprising 59% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+96.6% per year) and France (+48.9% per year).

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 6.6% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Angola ($X per ton), while the average price for exports to Lithuania ($X 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 Angola (+5.2%), while the prices for the other major destinations experienced a decline.

Adhesive Bandage Imports

Imports into Portugal

In 2022, purchases abroad of adhesive bandages increased by 11% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 41%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, adhesive bandage imports skyrocketed to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.5% against 2014 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest adhesive bandage supplier to Portugal, accounting for a 51% share of total imports. Moreover, adhesive bandage imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.8% per year) and China (+17.8% per year).

In value terms, Spain ($X) constituted the largest supplier of adhesive bandages to Portugal, comprising 55% of total imports. The second position in the ranking was held by France ($X), with a 20% share of total imports. It was followed by Italy, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.5% per year) and Italy (-0.1% per year).

Import Prices by Country

The average adhesive bandage import price stood at $X per ton in 2022, picking up by 5.1% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adhesive bandage import price decreased by -19.1% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 45%. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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