Portugal: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in Portugal

In 2022, the Portuguese paperboard case material market increased by 11% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.4% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Paperboard Case Material Production in Portugal

In value terms, paperboard case material production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild decrease. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Paperboard Case Material Exports

Exports from Portugal

In 2022, after two years of growth, there was decline in shipments abroad of paperboard case materials, when their volume decreased by -2% to X tons. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, paperboard case material exports stood at $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.7% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Spain (X tons), the Netherlands (X tons) and Italy (X tons) were the main destinations of paperboard case material exports from Portugal, with a combined 74% share of total exports. France, the UK, Greece, Egypt and Germany lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +61.8%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and Italy ($X) appeared to be the largest markets for paperboard case material exported from Portugal worldwide, with a combined 74% share of total exports. France, the UK, Greece, Egypt and Germany lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, the UK, with a CAGR of +66.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paperboard case material export price stood at $X per ton in 2022, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 31% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($X per ton) and France ($X per ton), while the average price for exports to the UK ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Paperboard Case Material Imports

Imports into Portugal

In 2022, after two years of growth, there was significant decline in overseas purchases of paperboard case materials, when their volume decreased by -6.9% to X tons. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, paperboard case material imports rose sharply to $X in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 76% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of paperboard case material to Portugal, accounting for a 84% share of total imports. Moreover, paperboard case material imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +4.6%.

In value terms, Spain ($X) constituted the largest supplier of paperboard case materials to Portugal, comprising 82% of total imports. The second position in the ranking was taken by France ($X), with a 7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +9.2%.

Import Prices by Country

The average paperboard case material import price stood at $X per ton in 2022, jumping by 19% against the previous year. Over the period under review, import price indicated temperate growth 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, paperboard case material import price increased by +74.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably 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 Spain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.4%).

Source: IndexBox Platform

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