Portugal: Composite Paperboard Market 2025

Composite Paperboard Market Size in Portugal

In 2021, the Portuguese composite paperboard market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a deep reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Composite Paperboard Production in Portugal

In value terms, composite paperboard production totaled $X in 2021 estimated in export price. Over the period under review, production saw a sharp decline. The most prominent rate of growth was recorded in 2014 with a decrease of -2%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Composite Paperboard Exports

Exports from Portugal

In 2021, overseas shipments of composite paper and paperboard were finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a sharp curtailment. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, composite paperboard exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a dramatic decline. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for composite paperboard exports from Portugal, with a 74% share of total exports. Moreover, composite paperboard exports to Spain exceeded the volume sent to the second major destination, Senegal (X tons), sevenfold. The third position in this ranking was taken by Angola (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at -46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+19.6% per year) and Angola (-12.3% per year).

In value terms, the largest markets for composite paperboard exported from Portugal were Senegal ($X), Spain ($X) and Angola ($X), together accounting for 85% of total exports. These countries were followed by Cabo Verde, Germany and Sao Tome and Principe, which together accounted for a further 11%.

In terms of the main countries of destination, Cabo Verde, with a CAGR of +17.5%, recorded the highest growth rate of 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 composite paperboard export price stood at $X per ton in 2021, with an increase of 4.7% against the previous year. In general, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2015 an increase of 396%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, 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 Senegal ($X per ton), while the average price for exports to Spain ($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 Spain (+4.4%), while the prices for the other major destinations experienced a decline.

Composite Paperboard Imports

Imports into Portugal

In 2021, overseas purchases of composite paper and paperboard were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% 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 -27.7% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 45% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, composite paperboard imports skyrocketed to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.9% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 43% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of composite paperboard imports to Portugal, with a combined 73% share of total imports. These countries were followed by the Czech Republic, Germany, Finland and Italy, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +55.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest composite paperboard suppliers to Portugal were Spain ($X), the Netherlands ($X) and the Czech Republic ($X), with a combined 69% share of total imports.

The Czech Republic, with a CAGR of +46.6%, saw the highest growth rate of the value of imports, among 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 composite paperboard import price stood at $X per ton in 2021, growing by 15% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Italy ($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 Netherlands (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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