Portugal: Market for Iron Or Steel Towers And Lattice Masts 2025

Market Size for Iron Or Steel Towers And Lattice Masts in Portugal

In 2021, the Portuguese iron or steel towers market decreased by -72% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption saw a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Towers And Lattice Masts in Portugal

In value terms, iron or steel towers production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Iron Or Steel Towers And Lattice Masts

Exports from Portugal

In 2021, the amount of iron or steel towers and lattice masts exported from Portugal surged to X tons, rising by 80% on the previous year. Overall, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +97.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel towers exports soared to $X in 2021. In general, total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main destinations of iron or steel towers exports from Portugal, with a combined 65% share of total exports. These countries were followed by the Netherlands, Belgium, the UK, Ireland, Greece and Angola, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +62.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for iron or steel towers and lattice masts exports from Portugal, comprising 34% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Spain, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.5% per year) and Spain (+7.0% per year).

Export Prices by Country

The average iron or steel towers export price stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, the export price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2019 an increase of 18%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Greece ($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 Belgium (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Towers And Lattice Masts

Imports into Portugal

In 2021, the amount of iron or steel towers and lattice masts imported into Portugal dropped sharply to X tons, with a decrease of -19.1% compared with 2020 figures. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 895% against the previous year. Imports peaked at X tons in 2020, and then fell remarkably in the following year.

In value terms, iron or steel towers imports fell rapidly to $X in 2021. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 790% against the previous year. Imports peaked at $X in 2020, and then declined notably in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest iron or steel towers supplier to Portugal, accounting for a 50% share of total imports. Moreover, iron or steel towers imports from Spain exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. China (X tons) ranked third in terms of total imports with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+159.5% per year) and China (+107.7% per year).

In value terms, Spain ($X) constituted the largest supplier of iron or steel towers and lattice masts to Portugal, comprising 52% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by South Korea, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+117.5% per year) and South Korea (+159.8% per year).

Import Prices by Country

The average iron or steel towers import price stood at $X per ton in 2021, waning by -6.9% against the previous year. Overall, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2020 an increase of 42%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and China ($X per ton), while the price for South Korea ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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