Portugal: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2025

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Portugal

The Portuguese rubber tube and pipe market rose markedly to $X in 2021, with an increase of 9.2% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.7% 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 +79.7% against 2012 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Portugal

In value terms, rubber tube and pipe production shrank slightly to $X in 2021 estimated in export price. In general, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 31%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Portugal

In 2021, shipments abroad of tubes, pipes and hoses of vulcanized rubber decreased by -4% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, rubber tube and pipe exports declined to $X in 2021. In general, exports showed a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main destinations of rubber tube and pipe exports from Portugal, with a combined 48% share of total exports. These countries were followed by Romania, Italy, Angola, Morocco, Greece, the UK, Ireland and Algeria, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +115.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) were the largest markets for rubber tube and pipe exported from Portugal worldwide, with a combined 54% share of total exports. Romania, the UK, Angola, Italy, Morocco, Greece, Ireland and Algeria lagged somewhat behind, together comprising a further 35%.

Ireland, with a CAGR of +112.6%, saw the highest rates of growth with regard to the value of exports, among 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 2021, the average rubber tube and pipe export price amounted to $X per ton, with a decrease of -5.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 26%. The export price peaked at $X per ton in 2018; however, from 2019 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 the UK ($X per ton), while the average price for exports to Algeria ($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 the UK (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Portugal

In 2021, supplies from abroad of tubes, pipes and hoses of vulcanized rubber was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe imports surged to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.6% 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 2018 with an increase of 64%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest rubber tube and pipe supplier to Portugal, accounting for a 44% share of total imports. Moreover, rubber tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.3% per year) and Italy (+2.7% per year).

In value terms, the largest rubber tube and pipe suppliers to Portugal were Spain ($X), China ($X) and Italy ($X), with a combined 52% share of total imports. These countries were followed by Germany, Bulgaria, Romania, Belgium, Serbia, the Czech Republic, France, Turkey, the Netherlands and India, which together accounted for a further 35%.

Bulgaria, with a CAGR of +76.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 rubber tube and pipe import price stood at $X per ton in 2021, dropping by -7% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 25%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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