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

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

The Portuguese market for rigid tubes, pipes and hoses of polymers of vinyl chloride surged to $X in 2022, picking up by 17% against the previous year. Overall, consumption saw a buoyant expansion. Vinyl chloride polymer rigid pipes consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Portugal

In value terms, vinyl chloride polymer rigid pipes production totaled $X in 2022 estimated in export price. In general, production recorded a strong increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 80% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Portugal

Vinyl chloride polymer rigid pipes exports from Portugal dropped notably to X tons in 2022, declining by -26.7% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 12%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports declined to $X in 2022. Overall, exports saw a pronounced descent. The pace of growth was the most pronounced in 2021 when exports increased by 33% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Portugal, accounting for a 83% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Spain exceeded the volume sent to the second major destination, Cabo Verde (X tons), more than tenfold. Angola (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (-1.2% per year) and Angola (-21.8% per year).

In value terms, Spain ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Portugal, comprising 74% of total exports. The second position in the ranking was held by Angola ($X), with an 8.3% share of total exports. It was followed by Cabo Verde, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-15.2% per year) and Cabo Verde (-0.6% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, picking up by 23% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price increased by +72.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 40% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Cabo Verde ($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 (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Portugal

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of vinyl chloride were imported into Portugal; waning by -13.2% compared with the year before. In general, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +2.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 53%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes imports shrank to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 44%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest vinyl chloride polymer rigid pipes supplier to Portugal, with a 79% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. Germany (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+31.7% per year) and Germany (+52.8% per year).

In value terms, Spain ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Portugal, comprising 76% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.9% share of total imports. It was followed by France, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+42.2% per year) and France (+31.4% per year).

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2014 an increase of 35% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Italy ($X per ton), while the price for Spain ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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