Portugal: Plastic Bag Market 2024

Plastic Bag Market Size in Portugal

In 2022, after two years of decline, there was significant growth in the Portuguese plastic bag market, when its value increased by 19% to $X. In general, consumption, however, recorded a slight decline. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Plastic Bag Production in Portugal

In value terms, plastic bag production soared to $X in 2022 estimated in export price. In general, production, however, recorded a mild downturn. Plastic bag production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Plastic Bag Exports

Exports from Portugal

In 2022, overseas shipments of plastic sacks and bags increased by 1% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 19%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, plastic bag exports expanded markedly to $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value 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, exports increased by +83.0% against 2017 indices. The pace of growth was the most pronounced in 2018 when exports increased by 26% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for plastic bag exports from Portugal, with a 54% share of total exports. Moreover, plastic bag exports to Spain exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.8% per year) and France (+6.0% per year).

In value terms, the largest markets for plastic bag exported from Portugal were Spain ($X), France ($X) and the UK ($X), with a combined 74% share of total exports. Poland, Morocco, Italy, Angola, Germany and Belgium lagged somewhat behind, together accounting for a further 14%.

Among the main countries of destination, Poland, with a CAGR of +39.1%, recorded the highest rates of growth with regard to 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 plastic bag export price stood at $X per ton in 2022, growing by 7.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2019 an increase of 18%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Spain ($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 Italy (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into Portugal

In 2022, supplies from abroad of plastic sacks and bags decreased by -1.9% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 21%. Imports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, plastic bag imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of plastic bag to Portugal, accounting for a 62% share of total imports. Moreover, plastic bag imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.6% per year) and the Netherlands (+3.5% per year).

In value terms, Spain ($X) constituted the largest supplier of plastic sacks and bags to Portugal, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Italy, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.4% per year) and Italy (+10.0% per year).

Import Prices by Country

The average plastic bag import price stood at $X per ton in 2022, growing by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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