Portugal: Steel Plaited Band Market 2024

Steel Plaited Band Market Size in Portugal

In 2022, the Portuguese steel plaited band market increased by 36% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Steel Plaited Band Production in Portugal

In value terms, steel plaited band production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 61%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Steel Plaited Band Exports

Exports from Portugal

In 2022, steel plaited band exports from Portugal fell markedly to X tons, waning by -51.9% compared with the year before. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 79%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, steel plaited band exports dropped dramatically to $X in 2022. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 269% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for steel plaited band exports from Portugal, with a 50% share of total exports. Moreover, steel plaited band exports to Spain exceeded the volume sent to the second major destination, Algeria (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+203.6% per year) and the United States (-10.0% per year).

In value terms, Spain ($X) emerged as the key foreign market for iron or steel plaited bands and slings exports from Portugal, comprising 45% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Algeria, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.1% per year) and Algeria (+185.0% per year).

Export Prices by Country

In 2022, the average steel plaited band export price amounted to $X per ton, jumping by 25% against the previous year. Over the period under review, the export price recorded temperate growth. The pace of growth was the most pronounced in 2017 an increase of 106% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Ecuador ($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 the Netherlands (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Imports

Imports into Portugal

In 2022, purchases abroad of iron or steel plaited bands and slings decreased by -13.9% to X tons, falling for the fourth year in a row after three years of growth. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 111% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, steel plaited band imports expanded sharply to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 128%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest steel plaited band supplier to Portugal, accounting for a 54% share of total imports. Moreover, steel plaited band imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. China (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.4% per year) and China (+14.5% per year).

In value terms, Spain ($X), Italy ($X) and China ($X) constituted the largest steel plaited band suppliers to Portugal, together accounting for 73% of total imports.

In terms of the main suppliers, China, with a CAGR of +39.7%, recorded the highest growth rate of 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 steel plaited band import price stood at $X per ton in 2022, picking up by 26% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel plaited band import price increased by +72.2% against 2017 indices. The growth pace was the most rapid in 2014 an increase of 115% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Sweden ($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 (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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