Portugal: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in Portugal

In 2021, the Portuguese iron or steel can market decreased by -10% to $X, falling for the third consecutive year after two years of growth. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Iron or Steel Cans in Portugal

In value terms, iron or steel can production dropped sharply to $X in 2021 estimated in export price. In general, production recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20%. Iron or steel can production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Iron or Steel Cans

Exports from Portugal

In 2021, overseas shipments of iron or steel cans increased by 65% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports, however, recorded a drastic downturn. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, iron or steel can exports expanded markedly to $X in 2021. In general, exports, however, faced a deep contraction. The growth pace was the most rapid in 2019 with an increase of 51% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for iron or steel can exports from Portugal, with a 61% share of total exports. Moreover, iron or steel can exports to Spain exceeded the volume sent to the second major destination, Peru (X units), sixfold. Brazil (X units) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+30.0% per year) and Brazil (+46.0% per year).

In value terms, Spain ($X), Peru ($X) and Italy ($X) appeared to be the largest markets for iron or steel can exported from Portugal worldwide, together comprising 72% of total exports.

Among the main countries of destination, Italy, with a CAGR of +139.0%, saw the highest growth rate of 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 2021, the average iron or steel can export price amounted to $X per unit, dropping by -31.7% against the previous year. Overall, the export price continues to indicate a slight contraction. The growth pace was the most rapid in 2018 an increase of 62% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then plummeted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cans

Imports into Portugal

In 2021, the amount of iron or steel cans imported into Portugal reached X units, approximately equating the year before. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, iron or steel can imports reached $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 18%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest iron or steel can supplier to Portugal, accounting for a 86% share of total imports. Moreover, iron or steel can imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+52.0% per year) and France (+17.5% per year).

In value terms, Spain ($X) constituted the largest supplier of iron or steel cans to Portugal, comprising 80% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports.

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: Italy (+48.7% per year) and France (+21.8% per year).

Import Prices by Country

The average iron or steel can import price stood at $X per unit in 2021, rising by 14% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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