Price for Chain and Parts Thereof, of Iron or Steel in Portugal - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Portugal (FOB) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Portugal (CIF) - 2023
- Exports of Chain and Parts Thereof, of Iron or Steel in Portugal
- Imports of Chain and Parts Thereof, of Iron or Steel in Portugal
Price for Chain and Parts Thereof, of Iron or Steel in Portugal (FOB) - 2022
In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $24,213 per ton, with an increase of 9.2% against the previous year. Over the period under review, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
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 Italy ($48,495 per ton), while the average price for exports to the UK ($7,550 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 Italy (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Portugal (CIF) - 2023
In December 2023, the average import price for chain and parts thereof, of iron or steel amounted to $9,848 per ton, growing by 20% against the previous month. Overall, import price indicated a moderate expansion from December 2022 to December 2023: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for chain and parts thereof, of iron or steel increased by +110.1% against October 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 129% m-o-m. Over the period under review, average import prices attained the maximum in December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($31,961 per ton), while the price for the Netherlands ($3,402 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chain and Parts Thereof, of Iron or Steel in Portugal
In 2022, exports of chain and parts thereof, of iron or steel from Portugal skyrocketed to 2K tons, growing by 17% compared with the previous year. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 25%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of chain and parts thereof, of iron or steel surged to $47M in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Chain and Parts Thereof, of Iron or Steel in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.0 | 6.7 | 8.4 | 11.8 | 33.1% |
| Taiwan (Chinese) | 4.1 | 5.3 | 7.3 | 7.4 | 21.8% |
| United States | 3.0 | 4.2 | 5.6 | 6.7 | 30.7% |
| Spain | 1.4 | 2.0 | 4.3 | 5.5 | 57.8% |
| Italy | 1.3 | 1.3 | 1.4 | 2.5 | 24.4% |
| France | 1.2 | 1.1 | 1.7 | 2.3 | 24.2% |
| Netherlands | 0.9 | 0.9 | 1.4 | 1.6 | 21.1% |
| Czech Republic | 0.9 | 0.7 | 1.1 | 1.5 | 18.6% |
| Denmark | 0.6 | 0.6 | 1.3 | 1.5 | 35.7% |
| Canada | 0.1 | 0.4 | 0.5 | 1.4 | 141.0% |
| Switzerland | 0.6 | 0.5 | 0.5 | 0.7 | 5.3% |
| United Kingdom | 1.6 | 2.4 | 0.1 | 0.5 | -32.1% |
| Angola | 0.3 | 0.6 | 0.3 | 0.5 | 18.6% |
| Others | 2.3 | 2.0 | 2.6 | 3.3 | 12.8% |
| Total | 23.2 | 28.6 | 36.7 | 47.3 | 26.8% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Portugal in 2022:
- United States (353.4 tons)
- Taiwan (Chinese) (312.7 tons)
- Spain (303.0 tons)
- Germany (254.3 tons)
- Canada (84.1 tons)
- France (81.0 tons)
- United Kingdom (62.4 tons)
- Angola (61.0 tons)
- Italy (51.5 tons)
- Denmark (50.2 tons)
- Netherlands (43.1 tons)
- Czech Republic (39.5 tons)
- Switzerland (35.6 tons)
Imports of Chain and Parts Thereof, of Iron or Steel in Portugal
In 2022, the amount of chain and parts thereof, of iron or steel imported into Portugal rose rapidly to 3.6K tons, with an increase of 9.2% against the previous year. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of chain and parts thereof, of iron or steel skyrocketed to $23M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 4.0 | 7.0 | 7.2 | 21.6% |
| Spain | 3.6 | 3.1 | 3.8 | 5.4 | 14.5% |
| Germany | 1.9 | 1.1 | 1.2 | 3.1 | 17.7% |
| Italy | 1.0 | 0.8 | 1.4 | 1.1 | 3.2% |
| France | 0.8 | 0.7 | 0.6 | 1.0 | 7.7% |
| Netherlands | 0.6 | 0.8 | 0.6 | 0.7 | 5.3% |
| Czech Republic | 0.1 | 0.1 | 0.4 | 0.5 | 71.0% |
| Others | 3.1 | 2.6 | 3.8 | 4.3 | 11.5% |
| Total | 15.1 | 13.2 | 18.9 | 23.2 | 15.4% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Portugal in 2022:
- China (1494.5 tons)
- Spain (653.8 tons)
- Germany (437.1 tons)
- Netherlands (202.7 tons)
- Italy (176.2 tons)
- Czech Republic (154.4 tons)
- France (151.8 tons)
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