Portugal: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Portugal

In 2020, the Portuguese market for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to $X, rising for the fifth year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Portugal

In value terms, iron, steel or aluminium reservoir production expanded notably to $X in 2020 estimated in export prices. Overall, production showed a slight increase. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Portugal

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were exported from Portugal; dropping by -X% against the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports contracted to $X in 2020. Overall, total exports indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2009 to 2020, the growth exports failed to regain the momentum.

Exports by Country

France (X tons), the UK (X tons) and Spain (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Portugal, with a combined X% share of total exports. Belgium, the U.S., Burkina Faso, Senegal, Mozambique, Morocco, Greece, Angola and Italy lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Senegal, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Portugal were the UK ($X), France ($X) and Spain ($X), with a combined X% share of total exports. Belgium, the U.S., Morocco, Angola, Burkina Faso, Senegal, Greece, Italy and Mozambique lagged somewhat behind, together accounting for a further X the main countries of destination, Senegal saw 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Morocco ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Angola, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Portugal

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Portugal; with a decrease of -X% on 2019 figures. In general, imports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Imports peaked at X tons in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports contracted to $X in 2020. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2010; however, from 2011 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Spain (X tons) constituted the largest supplier of iron, steel or aluminium reservoir to Portugal, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the Czech Republic (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of iron, steel or aluminium reservoir to Portugal, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Austria (+X% per year).

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. The import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per ton), while the price for Angola ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :