Portugal: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Portugal

In 2022, the Portuguese metal self-locking nut market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a prominent increase. Metal self-locking nut consumption peaked in 2022 and is expected to retain growth in the immediate term.

Metal Self-Locking Nut Production in Portugal

In value terms, metal self-locking nut production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production showed a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Self-Locking Nut Exports

Exports from Portugal

In 2022, the amount of iron or steel nuts (including self-locking nuts) exported from Portugal rose slightly to X tons, with an increase of X% on the previous year. Over the period under review, exports enjoyed measured growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, metal self-locking nut exports expanded notably to $X in 2022. In general, exports showed strong growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main destinations of metal self-locking nut exports from Portugal, together accounting for X% of total exports. Poland, Angola, Mexico, Brazil, the Netherlands and Morocco lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Angola ($X) appeared to be the largest markets for metal self-locking nut exported from Portugal worldwide, together accounting for X% of total exports. Poland, Germany, Brazil, Mexico, the Netherlands and Morocco lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal self-locking nut export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price 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, metal self-locking nut export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the Netherlands ($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 Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into Portugal

In 2022, imports of iron or steel nuts (including self-locking nuts) into Portugal soared to X tons, jumping by X% on the previous year's figure. 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 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, metal self-locking nut imports contracted to $X in 2022. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

China (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of metal self-locking nut imports to Portugal, together comprising X% of total imports. France, Turkey, Italy, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest metal self-locking nut suppliers to Portugal were Germany ($X), Spain ($X) and France ($X), together comprising X% of total imports. China, Italy, Turkey, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, saw 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 metal self-locking nut import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price 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. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then reduced notably in the following year.

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

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

Source: IndexBox Platform

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