Portugal: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa in Portugal

The Portuguese market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa soared to $X in 2021, increasing by 25% against the previous year. Over the period under review, consumption, however, showed a perceptible curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ X MPa in Portugal

In value terms, production of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X in 2021 estimated in export price. Over the period under review, production, however, faced a deep contraction. The growth pace was the most rapid in 2017 with an increase of 332%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Exports from Portugal

In 2021, the amount of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exported from Portugal declined to X tons, waning by -14.8% on the previous year's figure. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 227% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa dropped to $X in 2021. Over the period under review, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by 189%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Portugal, with a 56% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to France exceeded the volume sent to the second major destination, Guinea-Bissau (X tons), fivefold. Angola (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea-Bissau (+36.4% per year) and Angola (-3.6% per year).

In value terms, France ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exports from Portugal, comprising 56% of total exports. The second position in the ranking was held by Angola ($X), with a 9.4% share of total exports. It was followed by Guinea-Bissau, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-4.8% per year) and Guinea-Bissau (+37.2% per year).

Export Prices by Country

In 2021, the average export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa amounted to $X per ton, rising by 2.2% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2018 an increase of 12%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 Angola ($X per ton), while the average price for exports to Cabo Verde ($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 Cabo Verde (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Imports into Portugal

Imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa into Portugal reduced slightly to X tons in 2021, therefore, remained relatively stable against the previous year. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 33%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa rose markedly to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +13.1% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 21%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Portugal, with a 64% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by Turkey (X tons), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.6% per year) and Turkey (+19.6% per year).

In value terms, Spain ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Portugal, comprising 61% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.4% share of total imports. It was followed by China, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.0% per year) and China (+11.8% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, rising by 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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