Portugal: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Portugal

In 2021, the Portuguese metal link chain parts market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a abrupt slump. Metal link chain parts consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Iron Or Steel Parts Of Articulated Link Chain in Portugal

In value terms, metal link chain parts production expanded notably to $X in 2021 estimated in export price. In general, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 31%. Metal link chain parts production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Portugal

In 2021, the amount of iron or steel parts of articulated link chain exported from Portugal surged to X tons, growing by 174% against 2020 figures. Overall, exports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 399%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal link chain parts exports skyrocketed to $X in 2021. In general, exports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 421%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for metal link chain parts exports from Portugal, with a 82% share of total exports. Moreover, metal link chain parts exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. Angola (X tons) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +59.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.9% per year) and Angola (+29.4% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for iron or steel parts of articulated link chain exports from Portugal, comprising 87% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.7% share of total exports. It was followed by Angola, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) totaled +54.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.4% per year) and Angola (+28.6% per year).

Export Prices by Country

The average metal link chain parts export price stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 an increase of 173%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Angola ($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 Spain (+19.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Portugal

Metal link chain parts imports into Portugal surged to X tons in 2021, growing by 127% against the year before. Over the period under review, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain parts imports skyrocketed to $X in 2021. Overall, imports showed a temperate expansion. The growth pace was the most rapid in 2017 when imports increased by 189%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain parts supplier to Portugal, accounting for a 89% share of total imports. Moreover, metal link chain parts imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +97.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-22.4% per year) and India (-47.4% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel parts of articulated link chain to Portugal, comprising 84% of total imports. The second position in the ranking was taken by Spain ($X), with a 4.7% share of total imports. It was followed by Germany, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +99.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-24.7% per year) and Germany (+5.4% per year).

Import Prices by Country

In 2021, the average metal link chain parts import price amounted to $X per ton, jumping by 19% against the previous year. Overall, the import price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 an increase of 33%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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