Portugal: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Portugal

The Portuguese rubber-to-metal and moulded article market rose significantly to $X in 2021, increasing by 7.4% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Rubber-to-Metal and Moulded Articles in Portugal

In value terms, rubber-to-metal and moulded article production declined rapidly to $X in 2021 estimated in export price. Overall, production, however, faced a deep setback. The growth pace was the most rapid in 2014 when the production volume increased by 36% against the previous year. Rubber-to-metal and moulded article production peaked at $X in 2020, and then dropped dramatically in the following year.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Portugal

In 2021, shipments abroad of rubber-to-metal and moulded articles decreased by -15.6% to X tons, falling for the third consecutive year after five years of growth. Overall, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by 12%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, rubber-to-metal and moulded article exports fell rapidly to $X in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 23%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main destinations of rubber-to-metal and moulded article exports from Portugal, with a combined 74% share of total exports. Poland, China, Slovakia, Italy, Angola, Belgium, the UK and Morocco lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +12.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Germany ($X) appeared to be the largest markets for rubber-to-metal and moulded article exported from Portugal worldwide, with a combined 76% share of total exports. Poland, China, Italy, Slovakia, Angola, the UK, Belgium and Morocco lagged somewhat behind, together comprising a further 13%.

Poland, with a CAGR of +10.9%, recorded 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

The average rubber-to-metal and moulded article export price stood at $X per ton in 2021, declining by -19.6% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($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 Spain (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Portugal

In 2021, overseas purchases of rubber-to-metal and moulded articles were finally on the rise to reach X tons after two years of decline. Overall, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 35%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Spain (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Portugal, together accounting for 57% of total imports. These countries were followed by the Czech Republic, India, China, the Netherlands, Turkey, France, Belgium, Japan, Slovakia and Morocco, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +75.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to Portugal were Spain ($X), Germany ($X) and Italy ($X), together accounting for 58% of total imports. These countries were followed by the Netherlands, India, China, the Czech Republic, France, Belgium, Japan, Turkey, Slovakia and Morocco, which together accounted for a further 34%.

In terms of the main suppliers, India, with a CAGR of +79.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, with an increase of 4.1% against the previous year. In general, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 8.7% against the previous year. 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.

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 the Netherlands ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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