Portugal: Concrete Reinforcing Bar Market 2025

Concrete Reinforcing Bar Market Size in Portugal

In 2022, the Portuguese concrete reinforcing bar market increased by 1.9% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Concrete Reinforcing Bar Production in Portugal

In value terms, concrete reinforcing bar production fell modestly to $X in 2022 estimated in export price. Overall, production showed a pronounced decrease. The pace of growth was the most pronounced in 2018 when the production volume increased by 14%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Concrete Reinforcing Bar Exports

Exports from Portugal

Concrete reinforcing bar exports from Portugal declined to X tons in 2022, which is down by -8.4% compared with 2021. Overall, exports recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 when exports increased by 14% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, concrete reinforcing bar exports expanded significantly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 76% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for concrete reinforcing bar exports from Portugal, accounting for a 35% share of total exports. Moreover, concrete reinforcing bar exports to Spain exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Ireland (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.5% per year) and Ireland (+5.4% per year).

In value terms, Spain ($X) remains the key foreign market for concrete reinforcing bars exports from Portugal, comprising 36% of total exports. The second position in the ranking was taken by the UK ($X), with a 16% share of total exports. It was followed by Ireland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+11.5% per year) and Ireland (+7.6% per year).

Export Prices by Country

The average concrete reinforcing bar export price stood at $X per ton in 2022, increasing by 19% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by +84.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 55% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Finland ($X per ton) and Estonia ($X per ton), while the average price for exports to Morocco ($X per ton) and the UK ($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 Lithuania (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports into Portugal

Concrete reinforcing bar imports into Portugal shrank modestly to X tons in 2022, with a decrease of -2.7% against 2021 figures. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 31% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted slightly in the following year.

In value terms, concrete reinforcing bar imports expanded markedly to $X in 2022. Overall, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 98%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Spain (X tons) was the main supplier of concrete reinforcing bar to Portugal, accounting for a 95% share of total imports. It was followed by Turkey (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +5.5%.

In value terms, Spain ($X) constituted the largest supplier of concrete reinforcing bars to Portugal, comprising 94% of total imports. The second position in the ranking was taken by Turkey ($X), with a 1.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +8.0%.

Import Prices by Country

In 2022, the average concrete reinforcing bar import price amounted to $X per ton, increasing by 12% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +73.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 54%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :