Portugal: Office Metal Staple Market 2024

Office Metal Staple Market Size in Portugal

The Portuguese office metal staple market shrank to $X in 2022, approximately mirroring the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value 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, consumption decreased by -16.8% against 2018 indices. Office metal staple consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Office Metal Staple Production in Portugal

In value terms, office metal staple production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 5.6% against the previous year. Office metal staple production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Office Metal Staple Exports

Exports from Portugal

In 2022, overseas shipments of base metal staples in strips for use in offices were finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2019 with an increase of 137% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, office metal staple exports rose markedly to $X in 2022. Overall, exports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2019 with an increase of 92% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Angola (X tons), Spain (X tons) and Cabo Verde (X tons) were the main destinations of office metal staple exports from Portugal, with a combined 84% share of total exports. Algeria, Sao Tome and Principe, Mozambique and Hungary lagged somewhat behind, together comprising a further 9.7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +60.7%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the key foreign market for base metal staples in strips for use in offices exports from Portugal, comprising 49% of total exports. The second position in the ranking was held by Spain ($X), with a 22% share of total exports. It was followed by Cabo Verde, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola totaled -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+28.8% per year) and Cabo Verde (+5.6% per year).

Export Prices by Country

In 2022, the average office metal staple export price amounted to $X per ton, picking up by 2.7% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2014 an increase of 25%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Mozambique ($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 Mali (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Office Metal Staple Imports

Imports into Portugal

In 2022, office metal staple imports into Portugal shrank to X tons, with a decrease of -4.6% against the year before. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 49%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, office metal staple imports reached $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by 51%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), China (X tons) and Italy (X tons) were the main suppliers of office metal staple imports to Portugal, together accounting for 78% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +38.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest office metal staple suppliers to Portugal were Spain ($X), Italy ($X) and China ($X), together accounting for 70% of total imports.

China, with a CAGR of +34.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average office metal staple import price stood at $X per ton in 2022, surging by 6.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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