Portugal: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Portugal

The Portuguese propylene polymer rigid pipes market reached $X in 2022, with an increase of 7.4% against the previous year. Overall, consumption posted a strong expansion. Propylene polymer rigid pipes consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Portugal

In value terms, propylene polymer rigid pipes production contracted to $X in 2022 estimated in export price. In general, production recorded a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 49% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Portugal

In 2022, after two years of growth, there was significant decline in overseas shipments of rigid tubes, pipes and hoses of polymers of propylene, when their volume decreased by -59% to X tons. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2013 when exports increased by 39% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, propylene polymer rigid pipes exports contracted significantly to $X in 2022. In general, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Spain (X tons) was the main destination for propylene polymer rigid pipes exports from Portugal, accounting for a 80% share of total exports. Moreover, propylene polymer rigid pipes exports to Spain exceeded the volume sent to the second major destination, Cabo Verde (X tons), more than tenfold. Israel (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+12.3% per year) and Israel (+60.2% per year).

In value terms, Spain ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from Portugal, comprising 74% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a 3.7% share of total exports. It was followed by Israel, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+14.5% per year) and Israel (+48.0% per year).

Export Prices by Country

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, increasing by 6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2021 an increase of 16%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export 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 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 Propylene

Imports into Portugal

In 2022, overseas purchases of rigid tubes, pipes and hoses of polymers of propylene decreased by -43.8% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2016 when imports increased by 346%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, propylene polymer rigid pipes imports shrank rapidly to $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 913%. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

Germany (X tons), Spain (X tons) and Turkey (X tons) were the main suppliers of propylene polymer rigid pipes imports to Portugal, with a combined 82% share of total imports. Italy, France, the Netherlands and Slovenia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +1,218.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of propylene to Portugal, comprising 69% of total imports. The second position in the ranking was held by Spain ($X), with a 17% share of total imports. It was followed by Italy, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +60.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.3% per year) and Italy (+10.3% per year).

Import Prices by Country

In 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, falling by -12.5% against the previous year. In general, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 127% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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