Portugal: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Portugal

After two years of decline, the Portuguese market for wood boxes, crates and cable drums increased by 15% to $X in 2022. Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 -24.2% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Boxes, Crates and Cable Drums in Portugal

In value terms, wood box and cable drum production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Portugal

In 2022, approx. X units of wood boxes, crates and cable drums were exported from Portugal; growing by 28% on the previous year's figure. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +98.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 40%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, wood box and cable drum exports surged to $X in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X units), Spain (X units) and Italy (X units) were the main destinations of wood box and cable drum exports from Portugal, with a combined 84% share of total exports. The United States, the Netherlands, Angola, Germany and the UK lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +39.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood box and cable drum exported from Portugal were France ($X), Spain ($X) and Italy ($X), with a combined 83% share of total exports. The United States, the Netherlands, Angola, Germany and the UK lagged somewhat behind, together comprising a further 10%.

In terms of the main countries of destination, the United States, with a CAGR of +35.1%, recorded 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 export price for wood boxes, crates and cable drums stood at $X per unit in 2022, flattening at the previous year. Overall, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2018 an increase of 18% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per unit) and the United States ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-3.1%), while the prices for the other major destinations experienced a decline.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Portugal

In 2022, approx. X units of wood boxes, crates and cable drums were imported into Portugal; with a decrease of -2.4% compared with the previous year. In general, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% 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 +5.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 30% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, wood box and cable drum imports surged to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +9.0% 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 +90.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of wood box and cable drum to Portugal, with a 72% share of total imports. Moreover, wood box and cable drum imports from Spain exceeded the figures recorded by the second-largest supplier, France (X units), ninefold. The third position in this ranking was taken by Germany (X units), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-7.4% per year) and Germany (+19.9% per year).

In value terms, Spain ($X) constituted the largest supplier of wood boxes, crates and cable drums to Portugal, comprising 72% of total imports. The second position in the ranking was held by France ($X), with an 8.4% share of total imports. It was followed by Germany, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.1% per year) and Germany (+29.3% per year).

Import Prices by Country

In 2022, the average import price for wood boxes, crates and cable drums amounted to $X per unit, with an increase of 33% against the previous year. In general, the import price posted a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per unit) and Germany ($X per unit), while the price for the Netherlands ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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