Portugal: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Portugal

The Portuguese plaits and basketwork market surged to $X in 2022, jumping by 43% against the previous year. Over the period under review, consumption recorded a prominent expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Plaits And Basketwork Production in Portugal

In value terms, plaits and basketwork production shrank to $X in 2022 estimated in export price. In general, production showed a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 14%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plaits And Basketwork Exports

Exports from Portugal

In 2022, after two years of growth, there was significant decline in shipments abroad of plaits, basketwork, wickerwork and similar products of plaiting materials, when their volume decreased by -22.5% to X tons. In general, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of 340% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, plaits and basketwork exports contracted markedly to $X in 2022. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 182% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for plaits and basketwork exports from Portugal, with a 76% share of total exports. Moreover, plaits and basketwork exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-23.1% per year) and China (+163.7% per year).

In value terms, Spain ($X) emerged as the key foreign market for plaits, basketwork, wickerwork and similar products of plaiting materials exports from Portugal, comprising 54% of total exports. The second position in the ranking was held by Angola ($X), with a 10% share of total exports. It was followed by France, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-21.5% per year) and France (+6.2% per year).

Export Prices by Country

In 2022, the average plaits and basketwork export price amounted to $X per ton, which is down by -8.8% against the previous year. Overall, the export price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 24%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain ($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 China (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports into Portugal

In 2022, plaits and basketwork imports into Portugal soared to X tons, increasing by 24% compared with 2021 figures. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +31.4% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 28%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, plaits and basketwork imports surged to $X in 2022. In general, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of plaits and basketwork to Portugal, accounting for a 39% share of total imports. Moreover, plaits and basketwork imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by South Africa (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.9% per year) and South Africa (+11.8% per year).

In value terms, Spain ($X) constituted the largest supplier of plaits, basketwork, wickerwork and similar products of plaiting materials to Portugal, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.5% per year) and Italy (+40.4% per year).

Import Prices by Country

In 2022, the average plaits and basketwork import price amounted to $X per ton, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Africa ($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 Netherlands (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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