Report Update Nov 1, 2024

Portugal - Aluminum (Unwrought, not Alloyed) - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Aluminium Market 2024

Aluminium Market Size in Portugal

In 2022, the Portuguese aluminium market increased by 14% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, posted a strong increase. Aluminium consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Aluminium Production in Portugal

In value terms, aluminium production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 278%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Aluminium Exports

Exports from Portugal

In 2022, shipments abroad of aluminum (unwrought, not alloyed) increased by 464% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 683%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, aluminium exports surged to $X in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 1,737%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for aluminium exports from Portugal, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +28.1%.

In value terms, Spain ($X) emerged as the key foreign market for aluminum (unwrought, not alloyed) exports from Portugal.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +23.5%.

Export Prices by Country

In 2022, the average aluminium export price amounted to $X per ton, dropping by -54% against the previous year. Over the period under review, the export price showed a mild slump. The most prominent rate of growth was recorded in 2018 an increase of 243%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, 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 -3.6% per year.

Aluminium Imports

Imports into Portugal

Aluminium imports into Portugal fell modestly to X tons in 2022, standing approx. at the previous year's figure. Over the period under review, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2014 with an increase of 136%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, aluminium imports surged to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 127%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) was the main supplier of aluminium to Portugal, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +6.1%.

In value terms, Spain ($X) constituted the largest supplier of aluminum (unwrought, not alloyed) to Portugal.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +9.6%.

Import Prices by Country

In 2022, the average aluminium import price amounted to $X per ton, rising by 24% against the previous year. In general, import price indicated a pronounced 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, aluminium import price increased by +69.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 37%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 +3.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminum (unwrought, not alloyed) in the world?

China remains the largest aluminium consuming country worldwide, comprising approx. 56% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, Angola, eightfold. The United States ranked third in terms of total consumption with a 2.7% share.

What are the largest producers of aluminum (unwrought, not alloyed) in the world?

China constituted the country with the largest volume of aluminium production, comprising approx. 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, Angola, eightfold. India ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of aluminum (unwrought, not alloyed) to Portugal?

In value terms, Spain constituted the largest supplier of aluminium to Portugal.

What are the leading importers of aluminum (unwrought, not alloyed) from Portugal?

In value terms, the largest markets for aluminium exported from Portugal were China, Hong Kong SAR and Spain, with a combined 99% share of total exports.

What is the average export price for aluminum (unwrought, not alloyed) in Portugal?

The average aluminium export price stood at $1,509 per ton in 2021, rising by 31% against the previous year.

What is the average import price for aluminum (unwrought, not alloyed) in Portugal?

The average aluminium import price stood at $2,739 per ton in 2021, rising by 35% against the previous year.

This report provides an in-depth analysis of the aluminium market 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 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023