Portugal: Unwrought Zinc Alloys Market 2025

Unwrought Zinc Alloys Market Size in Portugal

In 2022, the Portuguese unwrought zinc alloys market increased by 13% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, posted a strong increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Unwrought Zinc Alloys Exports

Exports from Portugal

After two years of growth, shipments abroad of unwrought zinc alloys decreased by -69.7% to X tons in 2022. In general, exports saw a noticeable decrease. The pace of growth was the most pronounced in 2014 when exports increased by 194% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, unwrought zinc alloys exports declined markedly to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 277% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for unwrought zinc alloys exports from Portugal, with a 75% share of total exports. Moreover, unwrought zinc alloys exports to Spain exceeded the volume sent to the second major destination, Belgium (X tons), eightfold. Latvia (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+147.4% per year) and Latvia (0.0% per year).

In value terms, Spain ($X) remains the key foreign market for unwrought zinc alloys exports from Portugal, comprising 71% of total exports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total exports. It was followed by Latvia, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+248.5% per year) and Latvia (0.0% per year).

Export Prices by Country

The average unwrought zinc alloys export price stood at $X per ton in 2022, growing by 29% against the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 161%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Estonia ($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 Ireland (+884.1%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Zinc Alloys Imports

Imports into Portugal

In 2022, after two years of growth, there was significant decline in overseas purchases of unwrought zinc alloys, when their volume decreased by -7.5% to X tons. In general, imports, however, saw a slight expansion. The pace of growth was the most pronounced in 2018 with an increase of 72% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, unwrought zinc alloys imports rose notably to $X in 2022. Overall, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 95%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Spain (X tons), Luxembourg (X tons) and France (X tons) were the main suppliers of unwrought zinc alloys imports to Portugal, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +16.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought zinc alloys suppliers to Portugal were Luxembourg ($X), Spain ($X) and France ($X), with a combined 88% share of total imports.

France, with a CAGR of +23.2%, saw 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

In 2022, the average unwrought zinc alloys import price amounted to $X per ton, with an increase of 22% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought zinc alloys import price increased by +50.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and France ($X per ton), while the price for Spain ($X per ton) and Luxembourg ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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