Portugal: Market for Forged Bars Of Stainless Steel 2024

Market Size for Forged Bars Of Stainless Steel in Portugal

The Portuguese forged stainless steel bar market shrank slightly to $X in 2023, which is down by 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 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Production of Forged Bars Of Stainless Steel in Portugal

In value terms, forged stainless steel bar production contracted to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Forged stainless steel bar production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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Exports of Forged Bars Of Stainless Steel

Exports from Portugal

In 2023, approx. X tons of forged bars of stainless steel were exported from Portugal; waning by X% against the year before. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, forged stainless steel bar exports dropped dramatically to $X in 2023. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Angola (X tons) was the main destination for forged stainless steel bar exports from Portugal, accounting for a X% share of total exports. Moreover, forged stainless steel bar exports to Angola exceeded the volume sent to the second major destination, France (X tons), sevenfold. The third position in this ranking was taken by the Czech Republic (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Angola amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Czech Republic (X% per year).

In value terms, Angola ($X) remains the key foreign market for forged bars of stainless steel exports from Portugal, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Angola totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average forged stainless steel bar export price stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the export price posted a remarkable increase. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forged Bars Of Stainless Steel

Imports into Portugal

In 2023, purchases abroad of forged bars of stainless steel increased by X% to X tons, rising for the fourth consecutive year after three years of decline. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, forged stainless steel bar imports surged to $X in 2023. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Spain (X tons) and China (X tons) were the main suppliers of forged stainless steel bar imports to Portugal, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Germany ($X) were the largest forged stainless steel bar suppliers to Portugal, together comprising X% of total imports.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average forged stainless steel bar import price stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform