Portugal: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Portugal

The Portuguese metal pickling preparations market stood at $X in 2021, growing by 3.2% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.2% against 2019 indices. Metal pickling preparations consumption peaked in 2021 and is expected to retain growth in the immediate term.

Metal Pickling Preparations Production in Portugal

In value terms, metal pickling preparations production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a buoyant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 48% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Metal Pickling Preparations Exports

Exports from Portugal

In 2021, approx. X tons of pickling preparations for metal surfaces were exported from Portugal; growing by 60% compared with the previous year's figure. Over the period under review, exports continue to indicate measured growth. The pace of growth appeared the most rapid in 2016 when exports increased by 80% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal pickling preparations exports soared to $X in 2021. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by 97% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons), Poland (X tons) and Angola (X tons) were the main destinations of metal pickling preparations exports from Portugal, together comprising 91% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +667.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Poland ($X) and Angola ($X) appeared to be the largest markets for metal pickling preparations exported from Portugal worldwide, with a combined 84% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +670.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal pickling preparations export price stood at $X per ton in 2021, approximately equating the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sudan ($X per ton), while the average price for exports to Spain ($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 Sudan (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports into Portugal

Metal pickling preparations imports into Portugal dropped to X tons in 2021, waning by -7.5% on the previous year. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% 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 increased by +24.4% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 73% against the previous year. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, metal pickling preparations imports expanded sharply to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 32% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

Spain (X tons), Germany (X tons) and France (X tons) were the main suppliers of metal pickling preparations imports to Portugal, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +17.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal pickling preparations suppliers to Portugal were Italy ($X), Germany ($X) and Spain ($X), together accounting for 85% of total imports.

Italy, with a CAGR of +26.4%, recorded 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

The average metal pickling preparations import price stood at $X per ton in 2021, with an increase of 18% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+21.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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