Portugal: Packaging Materials Market 2025

Packaging Materials Market Size in Portugal

In 2022, the Portuguese packaging materials market increased by 14% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Packaging materials consumption peaked in 2022 and is likely to see gradual growth in the near future.

Packaging Materials Production in Portugal

In value terms, packaging materials production declined to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 43% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Packaging Materials Exports

Exports from Portugal

In 2022, exports of packaging materials from Portugal expanded modestly to X tons, with an increase of 3.6% on the year before. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 18% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, packaging materials exports skyrocketed to $X in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +72.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), the Netherlands (X tons) and Italy (X tons) were the main destinations of packaging materials exports from Portugal, together accounting for 69% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +48.6%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for packaging materials exports from Portugal, comprising 35% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+51.5% per year) and Italy (+13.6% per year).

Export Prices by Country

In 2022, the average packaging materials export price amounted to $X per ton, jumping by 25% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2021 an increase of 32%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Turkey (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Packaging Materials Imports

Imports into Portugal

Packaging materials imports into Portugal contracted modestly to X tons in 2022, dropping by -2.8% on the previous year's figure. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; 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 18% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, packaging materials imports skyrocketed to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of packaging materials to Portugal, with a 69% share of total imports. Moreover, packaging materials imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.8% per year) and Germany (+0.6% per year).

In value terms, Spain ($X) constituted the largest supplier of packaging materials to Portugal, comprising 63% of total imports. The second position in the ranking was held by France ($X), with a 5.1% share of total imports. It was followed by Germany, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.1% per year) and Germany (+0.4% per year).

Import Prices by Country

The average packaging materials import price stood at $X per ton in 2022, growing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 an increase of 24%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($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 Czech Republic (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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