Portugal: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Portugal

The Portuguese stainless steel household articles market expanded sharply to $X in 2022, surging by 7.8% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.3% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Portugal

In value terms, stainless steel household articles production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Portugal

Stainless steel household articles exports from Portugal dropped to X units in 2022, waning by -10.2% on the previous year's figure. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.4% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 36%. Over the period under review, the exports attained the maximum at X units in 2021, and then contracted in the following year.

In value terms, stainless steel household articles exports plummeted to $X in 2022. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 71%. The exports peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

Spain (X units), the United States (X units) and the UK (X units) were the main destinations of stainless steel household articles exports from Portugal, with a combined 50% share of total exports. France, Belgium, Germany, Sweden, Switzerland, Angola, Canada, Cabo Verde and Russia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +34.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Spain ($X) were the largest markets for stainless steel household articles exported from Portugal worldwide, with a combined 44% share of total exports. The UK, Germany, Belgium, Sweden, Angola, Switzerland, Canada, Cabo Verde and Russia lagged somewhat behind, together accounting for a further 36%.

Belgium, with a CAGR of +36.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average stainless steel household articles export price amounted to $X per unit, declining by -9.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 an increase of 26% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Portugal

Stainless steel household articles imports into Portugal was estimated at X units in 2022, picking up by 6% on 2021 figures. Over the period under review, imports posted resilient growth. The growth pace was the most rapid in 2021 when imports increased by 39%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, stainless steel household articles imports stood at $X in 2022. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), China (X units) and the Netherlands (X units) were the main suppliers of stainless steel household articles imports to Portugal, together comprising 65% of total imports. France, Germany, India and Italy lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +36.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel household articles suppliers to Portugal were Spain ($X), China ($X) and France ($X), with a combined 68% share of total imports.

France, with a CAGR of +29.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, almost unchanged from the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 7.2% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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