Portugal - Hot-Rolled Steel Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Hot-Rolled Steel Bar and Rod in Portugal - 2023
Contents:
- Price for Hot-Rolled Steel Bar and Rod in Portugal (FOB) - 2023
- Price for Hot-Rolled Steel Bar and Rod in Portugal (CIF) - 2023
- Exports of Hot-Rolled Steel Bar and Rod in Portugal
- Imports of Hot-Rolled Steel Bar and Rod in Portugal
Price for Hot-Rolled Steel Bar and Rod in Portugal (FOB) - 2023
The average export price for hot-rolled steel bars and rods stood at $703 per ton in July 2023, remaining stable against the previous month. Overall, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in April 2023 an increase of 3.4% month-to-month. Over the period under review, the average export prices hit record highs at $900 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In July 2023, the highest price was recorded for prices to the UK ($695 per ton) and Finland ($678 per ton), while the average price for exports to Belgium ($621 per ton) and Morocco ($628 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-1.1%), while the prices for the other major destinations experienced a decline.
Price for Hot-Rolled Steel Bar and Rod in Portugal (CIF) - 2023
In July 2023, the average import price for hot-rolled steel bars and rods amounted to $797 per ton, waning by -2% against the previous month. Over the period under review, the import price showed a mild contraction. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 9.3% m-o-m. As a result, import price attained the peak level of $941 per ton. From October 2022 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,715 per ton), while the price for Spain ($742 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Hot-Rolled Steel Bar and Rod in Portugal
In 2022, shipments abroad of hot-rolled steel bars and rods increased by 3.2% to 1.2M tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a perceptible curtailment.
In value terms, hot-rolled steel bar and rod exports surged to $1.1B in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 43%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Hot-Rolled Steel Bar and Rod in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 225 | 188 | 346 | 436 | 24.7% |
| United Kingdom | 130 | 107 | 136 | 183 | 12.1% |
| Ireland | 57.0 | 43.6 | 65.5 | 102 | 21.4% |
| United States | 109 | 57.3 | 62.1 | 52.1 | -21.8% |
| Finland | 9.6 | 11.2 | 29.7 | 48.6 | 71.7% |
| Norway | 16.1 | 11.8 | 31.8 | 44.2 | 40.0% |
| Germany | 23.4 | 32.5 | 46.3 | 41.3 | 20.8% |
| Netherlands | 21.2 | 24.0 | 23.4 | 33.1 | 16.0% |
| France | 4.8 | 6.6 | 19.7 | 32.5 | 89.2% |
| Lithuania | N/A | 0.2 | N/A | 28.1 | 1085.3% |
| Belgium | 9.8 | 7.0 | 15.0 | 27.2 | 40.5% |
| Morocco | 44.5 | 55.7 | 32.4 | 10.7 | -37.8% |
| Others | 59.8 | 53.5 | 44.2 | 66.3 | 3.5% |
| Total | 710 | 598 | 852 | 1,105 | 15.9% |
Top Export Markets for Hot-Rolled Steel Bar and Rod from Portugal in 2022:
- Spain (484.3K tons)
- United Kingdom (208.5K tons)
- Ireland (117.8K tons)
- Finland (48.2K tons)
- Norway (47.9K tons)
- Germany (36.9K tons)
- Netherlands (35.9K tons)
- France (35.3K tons)
- United States (32.7K tons)
- Belgium (32.0K tons)
- Lithuania (29.5K tons)
- Morocco (15.4K tons)
Imports of Hot-Rolled Steel Bar and Rod in Portugal
In 2022, approx. 450K tons of hot-rolled steel bars and rods were imported into Portugal; with a decrease of -10.1% against the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of 501K tons, and then dropped in the following year.
In value terms, hot-rolled steel bar and rod imports rose remarkably to $476M in 2022. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Hot-Rolled Steel Bar and Rod in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 214 | 163 | 343 | 372 | 20.2% |
| Italy | 6.4 | 6.0 | 11.7 | 18.3 | 41.9% |
| Malaysia | N/A | N/A | N/A | 18.0 | 0% |
| Germany | 29.9 | 19.8 | 35.1 | 14.1 | -22.2% |
| Turkey | 4.6 | 2.2 | 3.4 | 8.3 | 21.7% |
| Others | 23.5 | 18.6 | 32.2 | 44.9 | 24.1% |
| Total | 279 | 210 | 425 | 476 | 19.5% |
Top Suppliers of Hot-Rolled Steel Bar and Rod to Portugal in 2022:
- Spain (373.8K tons)
- Malaysia (20.3K tons)
- Italy (11.4K tons)
- Germany (9.3K tons)
- Turkey (8.7K tons)
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
- Prodcom 24106230 - Hot-rolled bars in free-cutting steels
- Prodcom 24106250 - Forged bars of steel and hot-rolled bars (excluding hollow drill bars and rods) of non-alloy steel (of other than of free-cutting steel)
- Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel
- Prodcom 24106410 - Hot-rolled round bars, of stainless steel
- Prodcom 24106430 - Bars and rods of stainless steel, only hot-rolled, only hotdrawn or only extruded (excluding of circular cross-section)
- Prodcom 24106510 - Bars and rods of high-speed steel, hot-rolled, in irregularly wound coils
- Prodcom 24106530 - Bars and rods of silico-manganese steel, hot-rolled, in irregularly wound coils
- Prodcom 24106550 - Hot-rolled wire rod, of bearing steel
- Prodcom 24106570 - Bars and rods of alloy steel other than stainless, hot-rolled, in irregularly wound coils (excluding products of bearing steel, h igh-speed steel or silico-manganese steel)
- Prodcom 24106630 - Hot-rolled bars in bearing steels
- Prodcom 24106640 - Hot-rolled bars in tool steels
- Prodcom 24106650 - Hot-rolled bars (excluding hollow drill bars and rods) of alloy steel (other than of stainless, tool, silico-manganese, bearing and high speed steel)
Country coverage:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
524
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Portugal.
376
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod in Portugal.
282
This report provides an in-depth analysis of the hot-rolled wire rod market in Portugal.
332
This report provides an in-depth analysis of the market for tyre cord wire rod in Portugal.
424
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Portugal.
350
This report provides an in-depth analysis of the market for concrete reinforcing wire rod in Portugal.
160
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Portugal.
1658
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
584
This report provides an in-depth analysis of the global market for deformed non-alloy steel wire rod.
375
Global Hot-Rolled Wire Rod Market Report 2018. This report provides an in-depth analysis of the global hot-rolled wire rod market.
123
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1448
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
4232
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
1133
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
241
Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.
123
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1448
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
4232
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
1133
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
241
Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.
