Portugal: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Portugal

In 2022, the Portuguese paper and paperboard market increased by 17% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a mild increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Paper And Paperboard Production in Portugal

In value terms, paper and paperboard production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 232% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Paper And Paperboard Exports

Exports from Portugal

In 2022, overseas shipments of paper and paperboard (creped, crinkled, embossed or perforated) increased by 45% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 117% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, paper and paperboard exports soared to $X in 2022. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 81% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tons) was the main destination for paper and paperboard exports from Portugal, accounting for a 41% share of total exports. Moreover, paper and paperboard exports to Spain exceeded the volume sent to the second major destination, France (X tons), twofold. Morocco (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+34.6% per year) and Morocco (+134.1% per year).

In value terms, Spain ($X) remains the key foreign market for paper and paperboard (creped, crinkled, embossed or perforated) exports from Portugal, comprising 30% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Morocco, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+24.3% per year) and Morocco (+116.4% per year).

Export Prices by Country

In 2022, the average paper and paperboard export price amounted to $X per ton, shrinking by -2.7% against the previous year. In general, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to France ($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 Canada (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Paper And Paperboard Imports

Imports into Portugal

In 2022, purchases abroad of paper and paperboard (creped, crinkled, embossed or perforated) increased by 28% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 104%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, paper and paperboard imports soared to $X in 2022. Over the period under review, imports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of 42%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of paper and paperboard to Portugal, accounting for a 66% share of total imports. Moreover, paper and paperboard imports from Spain exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+378.2% per year) and Italy (+18.3% per year).

In value terms, Spain ($X) constituted the largest supplier of paper and paperboard (creped, crinkled, embossed or perforated) to Portugal, comprising 67% of total imports. The second position in the ranking was held by Switzerland ($X), with a 12% share of total imports. It was followed by Italy, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+234.1% per year) and Italy (+19.2% per year).

Import Prices by Country

In 2022, the average paper and paperboard import price amounted to $X per ton, growing by 9.5% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price 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, paper and paperboard import price increased by +120.2% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 36%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Finland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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