Report Update Nov 1, 2024

Portugal - Hot-Rolled Wire Rod in Coil of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2024

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Portugal

The Portuguese market for hot-rolled wire rod in coil of stainless steel skyrocketed to $X in 2022, growing by 61% 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 enjoyed significant growth. Hot-rolled wire stainless steel rod consumption peaked at $X in 2015; afterwards, it flattened through to 2022.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports from Portugal

In 2021, after two years of decline, there was decline in overseas shipments of hot-rolled wire rod in coil of stainless steel, when their volume decreased by 0% to X tons. Over the period under review, exports saw a sharp descent. The growth pace was the most rapid in 2018 when exports increased by 8,502% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod exports amounted to $X in 2021. In general, exports continue to indicate a sharp setback. The growth pace was the most rapid in 2018 when exports increased by 9,558%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for hot-rolled wire stainless steel rod exports from Portugal, with a 91% share of total exports. Moreover, hot-rolled wire stainless steel rod exports to Spain exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Spain was relatively modest.

In value terms, the largest markets for hot-rolled wire stainless steel rod exported from Portugal were Spain ($X) and the United Arab Emirates ($X).

The United Arab Emirates, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price recorded a modest expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12%. The export price peaked in 2021 and is likely to see steady growth in years to come.

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 the United Arab Emirates ($X per ton), while the average price for exports to Spain amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.2%).

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports into Portugal

In 2022, the amount of hot-rolled wire rod in coil of stainless steel imported into Portugal soared to X tons, increasing by 27% compared with 2021. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 106%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports surged to $X in 2022. In general, imports posted resilient growth. The growth pace was the most rapid in 2013 when imports increased by 77%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), France (X tons) and Spain (X tons) were the main suppliers of hot-rolled wire stainless steel rod imports to Portugal, together accounting for 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +33.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled wire stainless steel rod suppliers to Portugal were Italy ($X), France ($X) and Bulgaria ($X), with a combined 86% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +36.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2022, picking up by 35% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bulgaria ($X per ton) and Germany ($X per ton), while the price for France ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled wire rod in coil of stainless steel in the world?

Taiwan Chinese) constituted the country with the largest volume of hot-rolled wire stainless steel rod consumption, accounting for 21% of total volume. Moreover, hot-rolled wire stainless steel rod consumption in Taiwan Chinese) exceeded the figures recorded by the second-largest consumer, Germany, twofold. Vietnam ranked third in terms of total consumption with a 9% share.

What are the largest producers of hot-rolled wire rod in coil of stainless steel in the world?

The countries with the highest volumes of in 2021 were Taiwan Chinese), Japan and France, with a combined 54% share of global production. These countries were followed by China, Spain, India and Sweden, which together accounted for a further 38%.

What are the leading suppliers of hot-rolled wire rod in coil of stainless steel to Portugal?

In value terms, France constituted the largest supplier of hot-rolled wire stainless steel rod to Portugal, comprising 68% of total imports. The second position in the ranking was occupied by Spain, with a 14% share of total imports. It was followed by Italy, with a 14% share.

What is the average export price for hot-rolled wire rod in coil of stainless steel in Portugal?

In 2021, the average export price for hot-rolled wire rod in coil of stainless steel amounted to $4,190 per ton, approximately equating the previous year.

What is the average import price for hot-rolled wire rod in coil of stainless steel in Portugal?

The average import price for hot-rolled wire rod in coil of stainless steel stood at $2,399 per ton in 2021, picking up by 9.2% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled wire stainless steel rod in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023