Portugal: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Portugal

For the fourth consecutive year, the Portuguese plastic household articles market recorded growth in sales value, which increased by 8.4% to $X in 2022. Over the period under review, consumption enjoyed strong growth. Plastic household articles consumption peaked in 2022 and is expected to retain growth in the immediate term.

Plastic Household Articles Production in Portugal

In value terms, plastic household articles production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 77%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in the near future.

Plastic Household Articles Exports

Exports from Portugal

In 2022, overseas shipments of household articles and toilet articles of plastics decreased by -8% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 32%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, plastic household articles exports dropped to $X in 2022. The total export value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 30% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

Spain (X tons) was the main destination for plastic household articles exports from Portugal, with a 43% share of total exports. Moreover, plastic household articles exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+43.1% per year) and Belgium (+53.1% per year).

In value terms, Spain ($X) remains the key foreign market for household articles and toilet articles of plastics exports from Portugal, comprising 47% of total exports. The second position in the ranking was taken by Belgium ($X), with an 8.2% share of total exports. It was followed by France, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+49.1% per year) and France (+8.0% per year).

Export Prices by Country

The average plastic household articles export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2019 when the average export price increased by 12%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Denmark ($X per ton), while the average price for exports to Guinea-Bissau ($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 Denmark (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Portugal

In 2022, supplies from abroad of household articles and toilet articles of plastics increased by 14% to X tons, rising for the second year in a row after two years of decline. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, plastic household articles imports skyrocketed to $X in 2022. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Spain (X tons) constituted the largest plastic household articles supplier to Portugal, accounting for a 67% share of total imports. Moreover, plastic household articles imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.1% per year) and France (+12.2% per year).

In value terms, Spain ($X) constituted the largest supplier of household articles and toilet articles of plastics to Portugal, comprising 61% of total imports. The second position in the ranking was held by France ($X), with a 7.7% share of total imports. It was followed by China, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.5% per year) and China (+6.4% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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