Price for Railway or Tramway Track Constructions of Iron or Steel in Portugal - 2023

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Portugal (CIF) - 2022
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Portugal (FOB) - 2023
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Portugal
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Portugal

Price for Railway or Tramway Track Constructions of Iron or Steel in Portugal (CIF) - 2022

In 2022, the average import price for railway or tramway track constructions of iron or steel amounted to $1,073 per ton, dropping by -16.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 106% against the previous year. As a result, import price attained the peak level of $1,949 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,851 per ton), while the price for Spain ($818 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.6%), while the prices for the other major suppliers experienced a decline.

Price for Railway or Tramway Track Constructions of Iron or Steel in Portugal (FOB) - 2023

In December 2023, the average export price for railway or tramway track constructions of iron or steel amounted to $7,607 per ton, increasing by 8.5% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 27% against the previous month. The export price peaked at $9,122 per ton in October 2023; however, from November 2023 to December 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Sweden ($11,594 per ton), while the average price for exports to Singapore ($4,340 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+48.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Portugal

In 2022, approx. 47K tons of railway or tramway track constructions of iron or steel were imported into Portugal; surging by 345% against the year before. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of railway or tramway track constructions of iron or steel surged to $50M in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Portugal in 2022:

1. Spain (38.6K tons)
2. France (3.8K tons)
3. Italy (3.4K tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Portugal

In 2022, shipments abroad of railway or tramway track constructions of iron or steel decreased by -38.7% to 2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 211%. As a result, the exports reached the peak of 3.2K tons, and then declined sharply in the following year.

In value terms, exports of railway or tramway track constructions of iron or steel stood at $9.5M in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 159% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Portugal in 2022:

1. Uruguay (965.7 tons)
2. Israel (522.5 tons)
3. France (320.0 tons)
4. United States (69.0 tons)
5. Finland (20.9 tons)
6. Canada (6.6 tons)

Source: IndexBox Market Intelligence Platform