Portugal: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Portugal

The Portuguese base metal flexible tubing market skyrocketed to $X in 2021, growing by 50% against the previous year. Over the period under review, consumption posted a resilient expansion. Base metal flexible tubing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Base Metal Flexible Tubing, Iron Or Steel in Portugal

In value terms, base metal flexible tubing production surged to $X in 2021 estimated in export price. Overall, production showed a notable increase. The growth pace was the most rapid in 2014 when the production volume increased by 225% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from Portugal

In 2021, approx. X tons of base metal flexible tubing, iron or steel were exported from Portugal; with a decrease of -5.9% compared with the year before. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 150%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, base metal flexible tubing exports soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), France (X tons) and Mozambique (X tons) were the main destinations of base metal flexible tubing exports from Portugal, with a combined 80% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +159.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for base metal flexible tubing, iron or steel exports from Portugal, comprising 65% of total exports. The second position in the ranking was taken by France ($X), with a 16% share of total exports. It was followed by Spain, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +170.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-15.7% per year) and Spain (+36.0% per year).

Export Prices by Country

The average base metal flexible tubing export price stood at $X per ton in 2021, growing by 101% against the previous year. Over the period under review, the export price showed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into Portugal

In 2021, the amount of base metal flexible tubing, iron or steel imported into Portugal stood at X tons, growing by 10% compared with 2020. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.2% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by 85%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, base metal flexible tubing imports skyrocketed to $X in 2021. Overall, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 47%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest base metal flexible tubing supplier to Portugal, with a 56% share of total imports. Moreover, base metal flexible tubing imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-9.2% per year) and China (+15.5% per year).

In value terms, Spain ($X) constituted the largest supplier of base metal flexible tubing, iron or steel to Portugal, comprising 44% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports. It was followed by Germany, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.9% per year) and Germany (-3.7% per year).

Import Prices by Country

The average base metal flexible tubing import price stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 46%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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