Portugal: Table Flatware Market 2024

Table Flatware Market Size in Portugal

The Portuguese table flatware market skyrocketed to $X in 2022, rising by 130% against the previous year. Overall, consumption continues to indicate a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Table Flatware Production in Portugal

In value terms, table flatware production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +40.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 33% against the previous year. Table flatware production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Table Flatware Exports

Exports from Portugal

In 2022, overseas shipments of table flatware increased by 4.3% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, table flatware exports expanded rapidly to $X in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +40.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons) was the main destination for table flatware exports from Portugal, with a 35% share of total exports. Moreover, table flatware exports to Spain exceeded the volume sent to the second major destination, France (X tons), threefold. Sweden (X tons) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.5% per year) and Sweden (+9.9% per year).

In value terms, the largest markets for table flatware exported from Portugal were Spain ($X), Japan ($X) and France ($X), with a combined 43% share of total exports. The United States, South Korea, Canada, Germany, Sweden, Turkey, the United Arab Emirates, Italy, Angola and Denmark lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Turkey, with a CAGR of +55.5%, recorded the highest rates of growth with regard to the value of exports, 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 table flatware export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, table flatware export price decreased by -6.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 27% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Angola ($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 Japan (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Table Flatware Imports

Imports into Portugal

In 2022, the amount of table flatware imported into Portugal surged to X tons, jumping by 68% on the previous year's figure. In general, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, table flatware imports soared to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of table flatware to Portugal, with a 46% share of total imports. Moreover, table flatware imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. China (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+18.4% per year) and China (+4.5% per year).

In value terms, Spain ($X) constituted the largest supplier of table flatware to Portugal, comprising 55% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.3% per year) and Italy (+13.5% per year).

Import Prices by Country

The average table flatware import price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 15%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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