Portugal: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Portugal

For the third consecutive year, the Portuguese metal domestic furniture market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption saw a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Metal Domestic Furniture Production in Portugal

In value terms, metal domestic furniture production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Metal domestic furniture production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Domestic Furniture Exports

Exports from Portugal

Metal domestic furniture exports from Portugal reduced slightly to X tons in 2022, approximately equating 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal domestic furniture exports totaled $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for metal domestic furniture exports from Portugal, accounting for a X% share of total exports. Moreover, metal domestic furniture exports to Spain exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

In value terms, the largest markets for metal domestic furniture exported from Portugal were Spain ($X), France ($X) and the United States ($X), with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average metal domestic furniture export price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Sweden ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports into Portugal

In 2022, after two years of growth, there was decline in overseas purchases of metal furniture, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted modestly in the following year.

In value terms, metal domestic furniture imports rose slightly to $X in 2022. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Spain (X tons), China (X tons) and Germany (X tons) were the main suppliers of metal domestic furniture imports to Portugal, together accounting for X% of total imports. Italy, France, Belgium and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Belgium, with a CAGR of X%, recorded the highest growth rate of 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 domestic furniture import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Italy ($X per ton), while the price for Belgium ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :