Portugal: Base Metal Keys Market 2024

Base Metal Keys Market Size in Portugal

The Portuguese base metal keys market reached $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Base Metal Keys Production in Portugal

In value terms, base metal keys production totaled $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Base Metal Keys Exports

Exports from Portugal

In 2022, overseas shipments of base metal keys decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal keys exports declined notably to $X in 2022. Overall, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Luxembourg (X tons) was the main destination for base metal keys exports from Portugal, with a X% share of total exports. Moreover, base metal keys exports to Luxembourg exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by France (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Luxembourg stood at X.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and France (X% per year).

In value terms, China ($X) remains the key foreign market for base metal keys exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (X.4% per year) and France (X% per year).

Export Prices by Country

In 2022, the average base metal keys export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 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 China ($X per ton), while the average price for exports to the Netherlands ($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 Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Keys Imports

Imports into Portugal

In 2022, purchases abroad of base metal keys decreased by X% to X tons, falling for the second year in a row after seven years of growth. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, base metal keys imports reduced to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and Thailand (X tons) were the main suppliers of base metal keys imports to Portugal, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal keys suppliers to Portugal were Italy ($X), Spain ($X) and Thailand ($X), with a combined X% share of total imports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 base metal keys import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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