Portugal: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in Portugal

The Portuguese metal stud-link chain market dropped to $X in 2021, declining by -6.1% against the previous year. In general, consumption, however, continues to indicate a measured expansion. Metal stud-link chain consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Metal Stud-Link Chain Production in Portugal

In value terms, metal stud-link chain production rose slightly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Metal Stud-Link Chain Exports

Exports from Portugal

In 2021, overseas shipments of iron/steel stud-link chain increased by 699% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a abrupt shrinkage. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal stud-link chain exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for metal stud-link chain exports from Portugal, accounting for a 78% share of total exports. Moreover, metal stud-link chain exports to Indonesia exceeded the volume sent to the second major destination, Angola (X tons), fivefold. The third position in this ranking was held by Cyprus (X kg), with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-14.1% per year) and Cyprus (0.0% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for iron/steel stud-link chain exports from Portugal, comprising 75% of total exports. The second position in the ranking was held by Angola ($X), with a 15% share of total exports. It was followed by Spain, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-10.9% per year) and Spain (+84.9% per year).

Export Prices by Country

The average metal stud-link chain export price stood at $X per ton in 2021, dropping by -23.5% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 132%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Cyprus ($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 Brazil (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Stud-Link Chain Imports

Imports into Portugal

After four years of growth, supplies from abroad of iron/steel stud-link chain decreased by -5.8% to X tons in 2021. In general, imports, however, showed a modest increase. The growth pace was the most rapid in 2017 with an increase of 70% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, metal stud-link chain imports reduced to $X in 2021. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by 102% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of metal stud-link chain imports to Portugal, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +46.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of iron/steel stud-link chain to Portugal, comprising 47% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by China, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.5% per year) and China (+47.1% per year).

Import Prices by Country

The average metal stud-link chain import price stood at $X per ton in 2021, which is down by -5.8% against the previous year. In general, the import price showed a deep contraction. The growth pace was the most rapid in 2014 when the average import price increased by 41%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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