Portugal: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Portugal

The Portuguese hot-rolled silico-manganese steel bar market soared to $X in 2021, growing by 57% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a deep reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Portugal

In 2019, overseas shipments of hot-rolled bars of silico-manganese steel increased by 58% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 62% against the previous year. Over the period under review, the exports hit record highs in 2019 and are likely to continue growth in the immediate term.

In value terms, hot-rolled silico-manganese steel bar exports surged to $X in 2019. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2015 when exports increased by 46% against the previous year. The exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons), the UK (X tons) and Romania (X tons) were the main destinations of hot-rolled silico-manganese steel bar exports from Portugal, together comprising 98% of total exports.

From 2012 to 2019, the biggest increases were recorded for Spain (with a CAGR of +38.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Romania ($X) and the UK ($X) were the largest markets for hot-rolled silico-manganese steel bar exported from Portugal worldwide, with a combined 99% share of total exports.

Spain, with a CAGR of +29.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, reducing by -7.2% against the previous year. Overall, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, 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 2019, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+29.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Portugal

Hot-rolled silico-manganese steel bar imports into Portugal soared to X tons in 2021, picking up by 23% against the year before. Overall, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 105% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar imports soared to $X in 2021. Over the period under review, imports, however, showed a deep reduction. The growth pace was the most rapid in 2018 with an increase of 124% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) was the main hot-rolled silico-manganese steel bar supplier to Portugal, accounting for a 100% share of total imports. It was followed by Spain (X kg), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at -3.0%.

In value terms, Italy ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Portugal, comprising 99% of total imports. The second position in the ranking was held by Spain ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to -1.8%.

Import Prices by Country

The average hot-rolled silico-manganese steel bar import price stood at $X per ton in 2021, rising by 40% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue 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 Spain ($X per ton), while the price for Italy amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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