Portugal: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Portugal

The Portuguese market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap was estimated at $X in 2021, remaining stable against the previous year. Over the period under review, consumption showed a noticeable shrinkage. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Portugal

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +120.8% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 37% against the previous year. Over the period under review, production of attained the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Portugal

In 2021, after two years of decline, there was significant growth in overseas shipments of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap, when their volume increased by 6.1% to X tons. In general, exports showed notable growth. The most prominent rate of growth was recorded in 2014 with an increase of 93% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap rose markedly to $X in 2021. Overall, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -31.7% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by 57% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), France (X tons) and Italy (X tons) were the main destinations of exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Portugal, together comprising 65% of total exports. Germany, Canada, the Netherlands, Angola and Austria lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +63.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Germany ($X) constituted the largest markets for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exported from Portugal worldwide, with a combined 65% share of total exports. Italy, the Netherlands, Austria, Canada and Angola lagged somewhat behind, together comprising a further 19%.

In terms of the main countries of destination, Austria, with a CAGR of +57.7%, saw 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

The average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, surging by 4.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 an increase of 34%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Italy ($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 Spain (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Portugal

In 2021, overseas purchases of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 45% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap expanded notably to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 20%. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), China (X tons) and Germany (X tons) were the main suppliers of imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Portugal, with a combined 82% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +14.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Portugal, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.3% per year) and Germany (+19.8% per year).

Import Prices by Country

The average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, increasing by 6.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 27% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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 Belgium ($X per ton), while the price for China ($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 (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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