Portugal: Non-Corrugated Paper Box Market 2024

Non-Corrugated Paper Box Market Size in Portugal

For the fourth year in a row, the Portuguese non-corrugated paper box market recorded growth in sales value, which increased by 15% to $X in 2022. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +70.8% against 2016 indices. Non-corrugated paper box consumption peaked in 2022 and is likely to continue growth in the immediate term.

Non-Corrugated Paper Box Production in Portugal

In value terms, non-corrugated paper box production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 23%. Non-corrugated paper box production peaked in 2022 and is expected to retain growth in the immediate term.

Non-Corrugated Paper Box Exports

Exports from Portugal

In 2022, shipments abroad of folding cartons, boxes and cases of non-corrugated paper or paperboard increased by 3.7% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, non-corrugated paper box exports rose significantly to $X in 2022. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Spain (X tons) was the main destination for non-corrugated paper box exports from Portugal, with a 54% share of total exports. Moreover, non-corrugated paper box exports to Spain exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.4% per year) and the Netherlands (+32.4% per year).

In value terms, Spain ($X), France ($X) and the Netherlands ($X) were the largest markets for non-corrugated paper box exported from Portugal worldwide, together accounting for 85% of total exports. Morocco, Italy, Angola and Malta lagged somewhat behind, together comprising a further 10%.

In terms of the main countries of destination, Malta, with a CAGR of +41.2%, recorded the highest rates of growth with regard to 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 2022, the average non-corrugated paper box export price amounted to $X per ton, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 an increase of 13%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Corrugated Paper Box Imports

Imports into Portugal

In 2022, the amount of folding cartons, boxes and cases of non-corrugated paper or paperboard imported into Portugal reduced modestly to X tons, approximately equating 2021 figures. Overall, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 41% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-corrugated paper box imports dropped slightly to $X in 2022. Over the period under review, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 43%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest non-corrugated paper box supplier to Portugal, accounting for a 83% share of total imports. Moreover, non-corrugated paper box imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by Belgium (X tons), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.8% per year) and Belgium (+20.3% per year).

In value terms, Spain ($X) constituted the largest supplier of folding cartons, boxes and cases of non-corrugated paper or paperboard to Portugal, comprising 70% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Turkey, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.4% per year) and Turkey (+38.9% per year).

Import Prices by Country

The average non-corrugated paper box import price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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