Portugal: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in Portugal

The Portuguese metal welded link chain market surged to $X in 2021, jumping by 74% against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Welded Link Chain Of Iron Or Steel in Portugal

In value terms, metal welded link chain production amounted to $X in 2021 estimated in export price. Overall, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 358% against the previous year. Metal welded link chain production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Portugal

In 2021, after two years of decline, there was significant growth in shipments abroad of welded link chain of iron or steel, when their volume increased by 25% to X tons. In general, exports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of 75%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal welded link chain exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible slump. The growth pace was the most rapid in 2018 when exports increased by 58% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for metal welded link chain exports from Portugal, with a 49% share of total exports. Moreover, metal welded link chain exports to Spain exceeded the volume sent to the second major destination, Mozambique (X tons), twofold. Cabo Verde (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+6.3% per year) and Cabo Verde (+7.1% per year).

In value terms, the largest markets for metal welded link chain exported from Portugal were Spain ($X), Mozambique ($X) and Cabo Verde ($X), with a combined 81% share of total exports. These countries were followed by Angola and Belgium, which together accounted for a further 17%.

In terms of the main countries of destination, Belgium, with a CAGR of +4,811.4%, saw 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 2021, the average metal welded link chain export price amounted to $X per ton, growing by 19% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 46%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Spain ($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 Algeria (+887.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports into Portugal

Metal welded link chain imports into Portugal skyrocketed to X tons in 2021, with an increase of 68% compared with 2020 figures. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.8% against 2019 indices. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal welded link chain imports soared to $X in 2021. In general, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. 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.

Imports by Country

China (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of metal welded link chain imports to Portugal, with a combined 72% share of total imports. These countries were followed by Belgium, Turkey, France, Estonia, Germany and the Netherlands, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +109.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Italy ($X) constituted the largest metal welded link chain suppliers to Portugal, together comprising 68% of total imports. These countries were followed by Belgium, Germany, France, Turkey, Estonia and the Netherlands, which together accounted for a further 31%.

In terms of the main suppliers, Turkey, with a CAGR of +89.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal welded link chain import price stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2020 an increase of 39% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($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 (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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