Portugal: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Portugal

The Portuguese market for non-cellular plates, sheets, film, foil and strip of plastics dropped to $X in 2022, waning by -6.7% against the previous year. In general, consumption, however, continues to indicate strong growth. Consumption of peaked at $X in 2021, and then reduced in the following year.

Production of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Portugal

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 17%. Over the period under review, production of hit record highs at $X in 2021, and then fell in the following year.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Portugal

In 2022, shipments abroad of non-cellular plates, sheets, film, foil and strip of plastics increased by 32% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics soared to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.2% against 2020 indices. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main destinations of exports of non-cellular plates, sheets, film, foil and strip of plastics from Portugal, together comprising 55% of total exports. The UK, Saudi Arabia, the Netherlands, Poland, Norway, Belgium, Italy, Canada and Angola lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +64.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for non-cellular plates, sheets, film, foil and strip of plastics exports from Portugal, comprising 34% of total exports. The second position in the ranking was taken by Spain ($X), with a 14% share of total exports. It was followed by Germany, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+6.0% per year) and Germany (-4.9% per year).

Export Prices by Country

In 2022, the average export price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, increasing by 11% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for non-cellular plates, sheets, film, foil and strip of plastics increased by +98.9% against 2016 indices. The growth pace was the most rapid in 2019 an increase of 35% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Saudi Arabia ($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 Belgium (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Portugal

Imports of non-cellular plates, sheets, film, foil and strip of plastics into Portugal soared to X tons in 2022, increasing by 16% on the year before. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 42%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics amounted to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 37% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest non-cellular plates, sheets, film, foil and strip of plastics supplier to Portugal, accounting for a 37% share of total imports. Moreover, imports of non-cellular plates, sheets, film, foil and strip of plastics from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. France (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.6% per year) and France (+5.2% per year).

In value terms, Spain ($X), Italy ($X) and France ($X) constituted the largest non-cellular plates, sheets, film, foil and strip of plastics suppliers to Portugal, together accounting for 64% of total imports. Germany, China, India, the Netherlands, Belgium and Turkey lagged somewhat behind, together accounting for a further 29%.

India, with a CAGR of +47.0%, 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

In 2022, the average import price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, declining by -3.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform