Portugal: Extruded Rod Market 2022

Extruded Rod Market Size in Portugal

The Portuguese extruded rod market skyrocketed to $X in 2021, growing by X% against the previous year. In general, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2016 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Extruded Rod Production in Portugal

In value terms, extruded rod production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Extruded Rod Exports

Exports from Portugal

In 2021, overseas shipments of extruded rods and profile shapes of cellular vulcanised rubber increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, extruded rod exports amounted to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Algeria (X tons) was the main destination for extruded rod exports from Portugal, with a X% share of total exports. Moreover, extruded rod exports to Algeria exceeded the volume sent to the second major destination, Angola (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Algeria totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-X% per year) and Spain (+X% per year).

In value terms, Angola ($X) remains the key foreign market for extruded rod exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Algeria ($X), with a X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2021, the average annual growth rate of value to Angola stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+X% per year) and Spain (+X% per year).

Export Prices by Country

In 2021, the average extruded rod export price amounted to $X per ton, with a decrease of -X% against the previous year. In general, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, extruded rod export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per ton), while the average price for exports to Algeria ($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 Angola (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Extruded Rod Imports

Imports into Portugal

Extruded rod imports into Portugal soared to X tons in 2021, increasing by X% against the previous year. Overall, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +X% 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 increased by +X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, extruded rod imports surged to $X in 2021. Over the period under review, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +X% 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 increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Spain (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of extruded rod imports to Portugal, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, Spain ($X), Italy ($X) and the Netherlands ($X) were the largest extruded rod suppliers to Portugal, with a combined X% share of total imports.

Spain, with a CAGR of +X%, saw 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 mixed trend patterns.

Import Prices by Country

The average extruded rod import price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the import price recorded a slight decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

Source: IndexBox Platform

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