Portugal: Metal Letter Clip Market 2024

Metal Letter Clip Market Size in Portugal

The Portuguese metal letter clip market amounted to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption showed a slight curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Letter Clip Production in Portugal

In value terms, metal letter clip production rose slightly to $X in 2022 estimated in export price. Overall, production showed a slight setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Metal Letter Clip Exports

Exports from Portugal

In 2022, overseas shipments of letter clips, letter corners of base metal increased by 12% to X tons, rising for the second consecutive year after four years of decline. Overall, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by 762%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal letter clip exports stood at $X in 2022. Over the period under review, exports posted a resilient increase. The growth pace was the most rapid in 2016 with an increase of 587% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for metal letter clip exports from Portugal, accounting for a 41% share of total exports. Moreover, metal letter clip exports to Spain exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+189.2% per year) and the UK (-9.0% per year).

In value terms, the largest markets for metal letter clip exported from Portugal were Spain ($X), Germany ($X) and the UK ($X), together comprising 64% of total exports. Belgium, Angola, Italy, Cabo Verde and Australia lagged somewhat behind, together comprising a further 29%.

Italy, with a CAGR of +204.6%, saw the highest rates of growth with regard to the value of exports, among 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 letter clip export price stood at $X per ton in 2022, reducing by -3.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 39%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cabo Verde ($X per ton), while the average price for exports to Spain ($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 Australia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Letter Clip Imports

Imports into Portugal

Metal letter clip imports into Portugal expanded significantly to X tons in 2022, increasing by 11% compared with the year before. Over the period under review, imports continue to indicate a notable increase. The pace of growth appeared the most rapid in 2017 with an increase of 75%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, metal letter clip imports rose markedly to $X in 2022. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 64% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal letter clip to Portugal, accounting for a 60% share of total imports. Moreover, metal letter clip imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-2.1% per year) and the Netherlands (+5.2% per year).

In value terms, the largest metal letter clip suppliers to Portugal were China ($X), Spain ($X) and the Netherlands ($X), with a combined 83% share of total imports. Germany and France lagged somewhat behind, together comprising a further 13%.

France, with a CAGR of +14.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal letter clip import price stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2018 an increase of 52% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :