Portugal: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Portugal

In 2022, the Portuguese plastic ornamental articles market increased by 21% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Plastic Ornamental Articles Exports

Exports from Portugal

In 2022, plastic ornamental articles exports from Portugal rose to X tons, growing by 2.1% on the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 115% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic ornamental articles exports totaled $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 58% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for plastic ornamental articles exports from Portugal, with a 50% share of total exports. Moreover, plastic ornamental articles exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by France (X tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+88.5% per year) and France (+21.6% per year).

In value terms, Spain ($X) remains the key foreign market for statuettes and other ornamental articles of plastic exports from Portugal, comprising 39% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+98.2% per year) and France (+21.1% per year).

Export Prices by Country

In 2022, the average plastic ornamental articles export price amounted to $X per ton, with a decrease of -1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2021 an increase of 26%. As a result, the export price attained the peak level of $X per ton, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Belgium ($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 Malta (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Portugal

In 2022, overseas purchases of statuettes and other ornamental articles of plastic increased by 8.8% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a slight reduction. The pace of growth was the most pronounced in 2014 when imports increased by 25%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, plastic ornamental articles imports surged to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 29%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of plastic ornamental articles imports to Portugal, together accounting for 79% of total imports. Germany, France and Italy lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and the Netherlands ($X) appeared to be the largest plastic ornamental articles suppliers to Portugal, together accounting for 78% of total imports. Germany, France and Italy lagged somewhat behind, together comprising a further 16%.

Germany, with a CAGR of +20.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, increasing by 9.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The pace of growth was the most pronounced in 2013 when the average import price increased by 20% against the previous year. The import price peaked 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 highest price was recorded for prices from China ($X per ton) and Germany ($X per ton), while the price for France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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