Portugal: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Portugal

The Portuguese ethylene polymer rigid pipes market fell remarkably to $X in 2021, which is down by -34.8% against the previous year. Over the period under review, consumption, however, posted a measured expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Portugal

In value terms, ethylene polymer rigid pipes production shrank dramatically to $X in 2021 estimated in export price. In general, production, however, enjoyed modest growth. The growth pace was the most rapid in 2018 when the production volume increased by 143% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Portugal

In 2021, shipments abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by 7% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, showed a slight decline. The pace of growth appeared the most rapid in 2014 when exports increased by 21% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ethylene polymer rigid pipes exports surged to $X in 2021. Over the period under review, exports, however, recorded a mild decline. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for ethylene polymer rigid pipes exports from Portugal, accounting for a 73% share of total exports. Moreover, ethylene polymer rigid pipes exports to Spain exceeded the volume sent to the second major destination, France (X tons), sixfold. The third position in this ranking was taken by Angola (X tons), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.4% per year) and Angola (-12.9% per year).

In value terms, Spain ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Portugal, comprising 62% of total exports. The second position in the ranking was taken by France ($X), with a 19% share of total exports. It was followed by Angola, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.4% per year) and Angola (-8.7% per year).

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, growing by 22% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Portugal

Ethylene polymer rigid pipes imports into Portugal surged to X tons in 2021, growing by 40% compared with the previous year. In general, imports showed a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by 94%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, ethylene polymer rigid pipes imports skyrocketed to $X in 2021. Over the period under review, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 104%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest ethylene polymer rigid pipes supplier to Portugal, accounting for a 88% share of total imports. Moreover, ethylene polymer rigid pipes imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.1% per year) and Germany (-3.5% per year).

In value terms, Spain ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Portugal, comprising 83% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.7% share of total imports. It was followed by Germany, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.4% per year) and Germany (+0.7% per year).

Import Prices by Country

In 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, with a decrease of -11.2% against the previous year. Over the period under review, the import price saw a slight setback. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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