Portugal: Stranded Wire Market 2025

Stranded Wire Market Size in Portugal

In 2021, the Portuguese stranded wire market increased by 55% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.1% against 2019 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Stranded Wire Production in Portugal

In value terms, stranded wire production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Stranded Wire Exports

Exports from Portugal

Stranded wire exports from Portugal dropped slightly to X tons in 2021, which is down by -2.7% compared with the previous year. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 22%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, stranded wire exports surged to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for stranded wire exports from Portugal, with a 34% share of total exports. Moreover, stranded wire exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-7.6% per year) and France (+1.9% per year).

In value terms, the United States ($X) remains the key foreign market for stranded wire, ropes and cables exports from Portugal, comprising 30% of total exports. The second position in the ranking was held by Spain ($X), with a 13% share of total exports. It was followed by France, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-3.1% per year) and France (-1.8% per year).

Export Prices by Country

The average stranded wire export price stood at $X per ton in 2021, jumping by 41% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Colombia ($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 Germany (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Portugal

In 2021, overseas purchases of stranded wire, ropes and cables increased by 31% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, showed a noticeable shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, stranded wire imports soared to $X in 2021. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +105.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest stranded wire supplier to Portugal, accounting for a 68% share of total imports. Moreover, stranded wire imports from Spain exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold. The third position in this ranking was taken by China (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+218.6% per year) and China (+36.1% per year).

In value terms, Spain ($X) constituted the largest supplier of stranded wire, ropes and cables to Portugal, comprising 55% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by China, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.7% per year) and China (+29.9% per year).

Import Prices by Country

In 2021, the average stranded wire import price amounted to $X per ton, surging by 49% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average import price increased by 54%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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