Portugal: Plastic Bottle Market 2024

Plastic Bottle Market Size in Portugal

For the third year in a row, the Portuguese plastic bottle market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, saw a deep downturn. Plastic bottle consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Plastic Bottle Production in Portugal

In value terms, plastic bottle production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Plastic bottle production peaked in 2022 and is expected to retain growth in the immediate term.

Plastic Bottle Exports

Exports from Portugal

In 2022, overseas shipments of carboys, bottles and similar articles of plastics increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic bottle exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for plastic bottle exports from Portugal, with a X% share of total exports. Moreover, plastic bottle exports to Spain exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was held by Angola (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Angola (X% per year).

In value terms, Spain ($X) remains the key foreign market for carboys, bottles and similar articles of plastics exports from Portugal, comprising X% of total exports. The second position in the ranking was held by the United States ($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 Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average plastic bottle export price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure 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 Belgium ($X per ton), while the average price for exports to Cabo Verde ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bottle Imports

Imports into Portugal

In 2022, approx. X tons of carboys, bottles and similar articles of plastics were imported into Portugal; with an increase of X% against the year before. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume 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 increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic bottle imports skyrocketed to $X in 2022. In general, total imports indicated a buoyant 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest plastic bottle supplier to Portugal, accounting for a X% share of total imports. Moreover, plastic bottle imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Spain ($X) constituted the largest supplier of carboys, bottles and similar articles of plastics to Portugal, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average plastic bottle import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price saw a slight contraction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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