Portugal: Market for Iron Or Steel Solid Fuel Domestic Appliances 2025

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Portugal

The Portuguese metal solid fuel appliances market shrank significantly to $X in 2022, dropping by -38.2% against the previous year. In general, consumption saw a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Portugal

In value terms, metal solid fuel appliances production expanded rapidly to $X in 2022 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +66.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 52%. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in years to come.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Portugal

In 2022, overseas shipments of iron or steel solid fuel domestic appliances increased by 7.5% to X units, rising for the fifth year in a row after four years of decline. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2013 when exports increased by 181% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal solid fuel appliances exports surged to $X in 2022. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 116% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Spain (X units), France (X units) and Belgium (X units) were the main destinations of metal solid fuel appliances exports from Portugal, together comprising 67% of total exports. Ireland, Uruguay, Australia, Angola, the United States, Italy and Brazil lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uruguay (with a CAGR of +158.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Belgium ($X) appeared to be the largest markets for metal solid fuel appliances exported from Portugal worldwide, with a combined 80% share of total exports. Australia, Ireland, Angola, Uruguay, Brazil, Italy and the United States lagged somewhat behind, together accounting for a further 16%.

Australia, with a CAGR of +125.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal solid fuel appliances export price stood at $X per unit in 2022, with an increase of 34% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Portugal

In 2022, metal solid fuel appliances imports into Portugal declined notably to X units, which is down by -40.7% compared with 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal solid fuel appliances imports fell to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 34% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X units), China (X units) and France (X units) were the main suppliers of metal solid fuel appliances imports to Portugal, with a combined 74% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +24.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and China ($X) appeared to be the largest metal solid fuel appliances suppliers to Portugal, with a combined 80% share of total imports.

In terms of the main suppliers, China, with a CAGR of +32.4%, saw 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 metal solid fuel appliances import price stood at $X per unit in 2022, with an increase of 45% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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