Portugal: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Portugal

The Portuguese stainless steel angle market expanded markedly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Stainless steel angle consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Stainless Steel Angle Production in Portugal

In value terms, stainless steel angle production rose significantly to $X in 2022 estimated in export price. Overall, production recorded a slight downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Stainless Steel Angle Exports

Exports from Portugal

For the fourth consecutive year, Portugal recorded decline in overseas shipments of angles, shapes and sections of stainless steel or other alloy steel, which decreased by X% to X tons in 2022. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, stainless steel angle exports declined sharply to $X in 2022. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Cabo Verde (X tons), Spain (X tons) and Angola (X tons) were the main destinations of stainless steel angle exports from Portugal, together accounting for X% of total exports. Germany, Mozambique, France and Sao Tome and Principe lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Sao Tome and Principe (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for angles, shapes and sections of stainless steel or other alloy steel exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average stainless steel angle export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Cabo Verde ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into Portugal

In 2022, stainless steel angle imports into Portugal surged to X tons, growing by X% compared with 2021 figures. In general, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel angle imports soared to $X in 2022. Overall, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest stainless steel angle supplier to Portugal, with a X% share of total imports. Moreover, stainless steel angle imports from Spain exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and France (X% per year).

In value terms, Spain ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to Portugal, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and France (X% per year).

Import Prices by Country

The average stainless steel angle import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a 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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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