Portugal: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Portugal

In 2021, the Portuguese market for plastic hoses and hose fittings increased by 6.4% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption, however, enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Plastic Hoses and Hose Fittings in Portugal

In value terms, plastic hose and hose fitting production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced expansion. The growth pace was the most rapid in 2014 when the production volume increased by 106% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Portugal

In 2021, overseas shipments of plastic hoses and hose fittings increased by 21% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports surged to $X in 2021. Over the period under review, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 32%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), France (X tons) and Angola (X tons) were the main destinations of plastic hose and hose fitting exports from Portugal, with a combined 57% share of total exports. These countries were followed by Guinea-Bissau, Cabo Verde, Morocco, Italy, the UK, Greece, Sao Tome and Principe, Mozambique, the Netherlands and Germany, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Guinea-Bissau (with a CAGR of +28.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Angola ($X) appeared to be the largest markets for plastic hose and hose fitting exported from Portugal worldwide, with a combined 56% share of total exports. These countries were followed by the UK, Cabo Verde, Morocco, Italy, Germany, Guinea-Bissau, Mozambique, the Netherlands, Greece and Sao Tome and Principe, which together accounted for a further 25%.

Sao Tome and Principe, with a CAGR of +28.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, with an increase of 4.1% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 15%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Guinea-Bissau ($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 the UK (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Portugal

For the sixth consecutive year, Portugal recorded growth in supplies from abroad of plastic hoses and hose fittings, which increased by 11% to X tons in 2021. The total import volume increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.5% 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 +85.8% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest plastic hose and hose fitting supplier to Portugal, with a 52% share of total imports. Moreover, plastic hose and hose fitting imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.6% per year) and Italy (+2.4% per year).

In value terms, Spain ($X) constituted the largest supplier of plastic hoses and hose fittings to Portugal, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Italy, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.6% per year) and Italy (+6.3% per year).

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, rising by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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