Portugal: Particle Board Market 2024

Particle Board Market Size in Portugal

For the third consecutive year, the Portuguese particle board market recorded growth in sales value, which increased by 8.2% to $X in 2022. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.2% against 2018 indices. Particle board consumption peaked in 2022 and is expected to retain growth in the near future.

Particle Board Production in Portugal

In value terms, particle board production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 13%. Particle board production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Particle Board Exports

Exports from Portugal

In 2022, approx. X cubic meters of particle board were exported from Portugal; waning by -9.4% on the previous year's figure. The total export volume increased at an average annual rate of +4.3% 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 2014 when exports increased by 24% against the previous year. The exports peaked at X cubic meters in 2021, and then reduced in the following year.

In value terms, particle board exports expanded rapidly to $X in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +52.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X cubic meters) was the main destination for particle board exports from Portugal, accounting for a 61% share of total exports. Moreover, particle board exports to Spain exceeded the volume sent to the second major destination, the UK (X cubic meters), fourfold. Ireland (X cubic meters) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.7% per year) and Ireland (+10.7% per year).

In value terms, Spain ($X) remains the key foreign market for particle board exports from Portugal, comprising 57% of total exports. The second position in the ranking was taken by the UK ($X), with a 16% share of total exports. It was followed by Ireland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.9% per year) and Ireland (+15.5% per year).

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2022, surging by 24% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per cubic meter) and Ireland ($X per cubic meter), while the average price for exports to Morocco ($X per cubic meter) and Spain ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into Portugal

In 2022, the amount of particle board imported into Portugal contracted to X cubic meters, falling by -10.3% against the previous year's figure. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. As a result, imports reached the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, particle board imports dropped modestly to $X in 2022. In general, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2018 with an increase of 45%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X cubic meters) constituted the largest particle board supplier to Portugal, with a 67% share of total imports. Moreover, particle board imports from Spain exceeded the figures recorded by the second-largest supplier, France (X cubic meters), threefold.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.3% per year) and Germany (+10.8% per year).

In value terms, Spain ($X) constituted the largest supplier of particle board to Portugal, comprising 65% of total imports. The second position in the ranking was held by France ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.4% per year) and Germany (+9.5% per year).

Import Prices by Country

In 2022, the average particle board import price amounted to $X per cubic meter, with an increase of 10% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, particle board import price increased by +58.6% against 2015 indices. The growth pace was the most rapid in 2021 an increase of 32% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per cubic meter), while the price for Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :