Portugal: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Portugal

In 2022, the Portuguese metal spring washer market increased by 20% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted resilient growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metal Spring Washer Production in Portugal

In value terms, metal spring washer production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a modest increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 92% against the previous year. Metal spring washer production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metal Spring Washer Exports

Exports from Portugal

Metal spring washer exports from Portugal fell to X tons in 2022, waning by -7.3% compared with 2021 figures. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 67%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal spring washer exports dropped modestly to $X in 2022. Overall, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2019 with an increase of 48% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Angola (X tons) and Brazil (X tons) were the main destinations of metal spring washer exports from Portugal, with a combined 85% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +37.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal spring washer exported from Portugal were Spain ($X), Angola ($X) and Poland ($X), together comprising 71% of total exports. The Czech Republic, Brazil, Mozambique and Germany lagged somewhat behind, together comprising a further 20%.

The Czech Republic, with a CAGR of +43.5%, recorded 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 spring washer export price stood at $X per ton in 2022, picking up by 4.6% against the previous year. Overall, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2019 an increase of 73%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Mozambique ($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 Germany (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Portugal

In 2022, overseas purchases of iron or steel spring washers increased by 18% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 63% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, metal spring washer imports skyrocketed to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 34%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), Germany (X tons) and China (X tons) were the main suppliers of metal spring washer imports to Portugal, with a combined 70% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +108.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel spring washers to Portugal, comprising 40% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+44.5% per year) and Spain (-14.6% per year).

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, reducing by -2.3% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of 16%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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