Portugal: Winding Wire Market 2025

Winding Wire Market Size in Portugal

In 2022, the Portuguese winding wire market increased by 0.6% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a noticeable downturn. Winding wire consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Winding Wire Production in Portugal

In value terms, winding wire production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production posted a resilient expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Winding Wire Exports

Exports from Portugal

In 2022, shipments abroad of winding wire for electrical purposes increased by 6.9% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 115% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, winding wire exports shrank slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 127%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons), Cabo Verde (X tons) and Spain (X tons) were the main destinations of winding wire exports from Portugal, together accounting for 75% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +6,292.7%), while the other leaders experienced more modest paces of growth.

In value terms, Cabo Verde ($X), Angola ($X) and Spain ($X) appeared to be the largest markets for winding wire exported from Portugal worldwide, together comprising 62% of total exports. Panama, Mozambique, Germany, Hungary and the United States lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Panama, with a CAGR of +5,169.8%, saw the highest growth rate of 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 winding wire export price amounted to $X per ton, dropping by -9.1% against the previous year. Overall, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2019 an increase of 32%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Panama ($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 Angola (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Winding Wire Imports

Imports into Portugal

In 2022, approx. X tons of winding wire for electrical purposes were imported into Portugal; shrinking by -17.5% on 2021. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 33% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, winding wire imports declined to $X in 2022. Overall, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of winding wire to Portugal, accounting for a 36% share of total imports. Moreover, winding wire imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Sweden (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.6% per year) and Sweden (+13.8% per year).

In value terms, the largest winding wire suppliers to Portugal were Italy ($X), Spain ($X) and France ($X), with a combined 67% share of total imports. Sweden, Germany, Poland, Brazil, Austria and the Netherlands lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Poland, with a CAGR of +47.9%, saw 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

In 2022, the average winding wire import price amounted to $X per ton, surging by 21% against the previous year. In general, the import price continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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