Portugal: Copper Screw Market 2024

Copper Screw Market Size in Portugal

In 2021, the Portuguese copper screw market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Copper Screw Production in Portugal

In value terms, copper screw production soared to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. Copper screw production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Copper Screw Exports

Exports from Portugal

In 2021, the amount of copper screws, bolts and nuts exported from Portugal shrank notably to X tons, with a decrease of -16.1% on 2020. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 134% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then fell remarkably in the following year.

In value terms, copper screw exports skyrocketed to $X in 2021. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 169%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Thailand (X tons), Germany (X tons) and Angola (X tons) were the main destinations of copper screw exports from Portugal, with a combined 85% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +50.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Thailand ($X) and the UK ($X) appeared to be the largest markets for copper screw exported from Portugal worldwide, together comprising 87% of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +49.3%, 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

In 2021, the average copper screw export price amounted to $X per ton, with an increase of 46% against the previous year. In general, the export price, however, saw a pronounced decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Angola ($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 Bolivia (+135.0%), while the prices for the other major destinations experienced a decline.

Copper Screw Imports

Imports into Portugal

In 2021, approx. X tons of copper screws, bolts and nuts were imported into Portugal; jumping by 36% against the previous year's figure. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 57% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, copper screw imports surged to $X in 2021. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of copper screw to Portugal, with a 64% share of total imports. Moreover, copper screw imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Malta (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (0.0% per year) and Italy (+12.2% per year).

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) were the largest copper screw suppliers to Portugal, with a combined 74% share of total imports. Spain and Malta lagged somewhat behind, together comprising a further 11%.

Spain, with a CAGR of +6.3%, recorded the highest rates of growth with regard to 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 copper screw import price stood at $X per ton in 2021, rising by 1.8% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 when the average import price increased by 24%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average 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 Germany ($X per ton), while the price for Malta ($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 (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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