Portugal: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Portugal

The Portuguese market for iron or steel flat spiral or discs springs declined sharply to $X in 2021, which is down by -97% against the previous year. Overall, consumption saw a abrupt shrinkage. Metal spiral or discs spring consumption peaked at $X in 2020, and then contracted markedly in the following year.

Production of Iron or Steel Flat Spiral or Discs Springs in Portugal

In value terms, metal spiral or discs spring production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 46%. Metal spiral or discs spring production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Portugal

Metal spiral or discs spring exports from Portugal expanded markedly to X tons in 2021, surging by 7.5% on 2020. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal spiral or discs spring exports soared to $X in 2021. Overall, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by 47% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ghana (X tons) was the main destination for metal spiral or discs spring exports from Portugal, with a 45% share of total exports. Moreover, metal spiral or discs spring exports to Ghana exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ghana stood at +50.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+142.0% per year) and Spain (-29.6% per year).

In value terms, the largest markets for metal spiral or discs spring exported from Portugal were Germany ($X), Ghana ($X) and the United States ($X), with a combined 50% share of total exports. These countries were followed by Angola, Spain, Russia, Brazil, France, Guinea, Cabo Verde, Algeria, the Czech Republic and Poland, which together accounted for a further 37%.

Among the main countries of destination, Algeria, with a CAGR of +126.9%, recorded the highest growth rate of 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 export price for iron or steel flat spiral or discs springs amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price, however, showed a pronounced shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Cabo Verde ($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 the Czech Republic (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Portugal

In 2021, overseas purchases of iron or steel flat spiral or discs springs were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 91% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, metal spiral or discs spring imports surged to $X in 2021. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of metal spiral or discs spring to Portugal, with a 66% share of total imports. Moreover, metal spiral or discs spring imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.1% per year) and France (-17.9% per year).

In value terms, Germany ($X), Spain ($X) and France ($X) constituted the largest metal spiral or discs spring suppliers to Portugal, with a combined 80% share of total imports.

Spain, with a CAGR of +19.4%, saw the highest rates of growth with regard to the value of imports, among 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 import price for iron or steel flat spiral or discs springs amounted to $X per ton, falling by -6.5% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 45%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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