Portugal: Metal Washer Market 2025

Metal Washer Market Size in Portugal

After two years of decline, the Portuguese metal washer market increased by 15% to $X in 2021. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Metal Washer Production in Portugal

In value terms, metal washer production surged to $X in 2021 estimated in export price. Overall, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 199%. Metal washer production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Washer Exports

Exports from Portugal

Metal washer exports from Portugal surged to X tons in 2021, with an increase of 33% against the year before. Overall, exports enjoyed a resilient increase. The growth pace was the most rapid in 2019 with an increase of 115%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal washer exports skyrocketed to $X in 2021. Over the period under review, exports saw buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 150% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons), France (X tons) and Angola (X tons) were the main destinations of metal washer exports from Portugal, with a combined 86% share of total exports. These countries were followed by Brazil, Lebanon, Mozambique and Morocco, which together accounted for a further 8.3%.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +244.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for iron or steel washers exports from Portugal, comprising 44% of total exports. The second position in the ranking was taken by Spain ($X), with a 16% share of total exports. It was followed by Angola, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+17.1% per year) and Angola (-2.6% per year).

Export Prices by Country

The average metal washer export price stood at $X per ton in 2021, waning by -11.4% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 Brazil ($X per ton), while the average price for exports to Morocco ($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 Mozambique (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into Portugal

In 2021, metal washer imports into Portugal expanded markedly to X tons, surging by 9% on the year before. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 73% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal washer imports skyrocketed to $X in 2021. Overall, imports showed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 52% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of metal washer to Portugal, accounting for a 37% share of total imports. Moreover, metal washer imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.5% per year) and Spain (+5.8% per year).

In value terms, Italy ($X) constituted the largest supplier of iron or steel washers to Portugal, comprising 57% of total imports. The second position in the ranking was held by Spain ($X), with a 12% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+12.8% per year) and Germany (-4.0% per year).

Import Prices by Country

The average metal washer import price stood at $X per ton in 2021, with an increase of 9.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 16%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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