Portugal: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Portugal

In 2021, after four years of decline, there was significant growth in the Portuguese metal hot-worked helical spring market, when its value increased by 46% to $X. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Iron or Steel Hot-Worked Helical Springs in Portugal

In value terms, metal hot-worked helical spring production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Portugal

In 2021, the amount of iron or steel hot-worked helical springs exported from Portugal surged to X tons, increasing by 15% against the year before. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.0% against 2014 indices. The pace of growth was the most pronounced in 2019 with an increase of 23%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, metal hot-worked helical spring exports skyrocketed to $X in 2021. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 79% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for metal hot-worked helical spring exports from Portugal, accounting for a 38% share of total exports. Moreover, metal hot-worked helical spring exports to Spain exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. The third position in this ranking was held by France (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+43.8% per year) and France (+41.3% per year).

In value terms, Spain ($X), Germany ($X) and the Czech Republic ($X) constituted the largest markets for metal hot-worked helical spring exported from Portugal worldwide, together comprising 69% of total exports. These countries were followed by France, Austria, Romania, Poland, Japan and the UK, which together accounted for a further 22%.

Among the main countries of destination, Japan, with a CAGR of +146.1%, recorded 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

The average metal hot-worked helical spring export price stood at $X per ton in 2021, with an increase of 2.8% against the previous year. Overall, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal hot-worked helical spring export price decreased by -27.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 Germany (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Portugal

Metal hot-worked helical spring imports into Portugal surged to X tons in 2021, increasing by 38% compared with the year before. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal hot-worked helical spring imports declined to $X in 2021. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 43%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest metal hot-worked helical spring supplier to Portugal, accounting for a 57% share of total imports. Moreover, metal hot-worked helical spring imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +45.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.4% per year) and Turkey (+15.0% per year).

In value terms, Spain ($X), Germany ($X) and Japan ($X) appeared to be the largest metal hot-worked helical spring suppliers to Portugal, with a combined 76% share of total imports.

Among the main suppliers, Spain, with a CAGR of +21.0%, recorded the highest rates of growth with regard to 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 metal hot-worked helical spring import price stood at $X per ton in 2021, falling by -32.1% against the previous year. In general, the import price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 62%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then declined rapidly in the following year.

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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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