Portugal: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Portugal

After eight years of decline, the Portuguese silicon-electrical steel flat-rolled product market increased by 8% to $X in 2021. In general, consumption, however, saw a abrupt descent. Silicon-electrical steel flat-rolled product consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Portugal

In value terms, silicon-electrical steel flat-rolled product production expanded sharply to $X in 2021 estimated in export price. In general, production, however, showed a deep setback. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Portugal

In 2021, approx. X tons of flat-rolled products of silicon-electrical steel were exported from Portugal; jumping by 2,387% compared with the previous year's figure. Overall, exports enjoyed a prominent expansion. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports skyrocketed to $X in 2021. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 417%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X tons) and Sweden (X tons) were the main destinations of silicon-electrical steel flat-rolled product exports from Portugal.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of 0.0%).

In value terms, Brazil ($X) remains the key foreign market for flat-rolled products of silicon-electrical steel exports from Portugal, comprising 75% of total exports. The second position in the ranking was held by Sweden ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil stood at +1.6%.

Export Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, falling by -85.3% against the previous year. Overall, the export price, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2020 an increase of 1,067% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+189.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Portugal

In 2021, overseas purchases of flat-rolled products of silicon-electrical steel increased by 9.8% to X tons, rising for the third year in a row after three years of decline. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 43%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a deep slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) was the main supplier of silicon-electrical steel flat-rolled product to Portugal, accounting for a 91% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.3% per year) and Italy (-24.0% per year).

In value terms, Germany ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to Portugal, comprising 91% of total imports. The second position in the ranking was held by Spain ($X), with a 7.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.4% per year) and Italy (-28.7% per year).

Import Prices by Country

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2021, growing by 11% against the previous year. In general, the import price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 14%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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