Portugal: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in Portugal

In 2021, after two years of decline, there was significant growth in the Portuguese metal self-locking nut market, when its value increased by 40% to $X. In general, consumption posted a resilient expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Metal Self-Locking Nut Production in Portugal

In value terms, metal self-locking nut production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 7.9%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Self-Locking Nut Exports

Exports from Portugal

In 2021, the amount of iron or steel nuts (including self-locking nuts) exported from Portugal rose sharply to X tons, surging by 12% on the previous year's figure. Overall, exports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2019 with an increase of 96%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal self-locking nut exports surged to $X in 2021. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by 100% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Spain (X tons) and Poland (X tons) were the main destinations of metal self-locking nut exports from Portugal, with a combined 72% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +102.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Germany ($X) appeared to be the largest markets for metal self-locking nut exported from Portugal worldwide, with a combined 55% share of total exports.

Among the main countries of destination, France, with a CAGR of +72.9%, recorded the highest rates of growth with regard to 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 metal self-locking nut export price amounted to $X per ton, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40%. 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 external markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the Netherlands ($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 Morocco (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into Portugal

In 2021, the amount of iron or steel nuts (including self-locking nuts) imported into Portugal surged to X tons, rising by 21% against 2020 figures. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.8% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 41%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal self-locking nut imports soared to $X in 2021. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 49%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of metal self-locking nut imports to Portugal, together comprising 68% of total imports. These countries were followed by France, Italy, the Netherlands and Japan, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal self-locking nut suppliers to Portugal were Germany ($X), Spain ($X) and France ($X), together accounting for 71% of total imports.

France, with a CAGR of +28.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal self-locking nut import price amounted to $X per ton, picking up by 16% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.4% 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 self-locking nut import price increased by +79.7% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of 28%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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 Germany ($X per ton), while the price for China ($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 (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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