Portugal: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Portugal

In 2022, after three years of decline, there was growth in the Portuguese metal screw hook market, when its value increased by 3.6% to $X. In general, consumption saw a moderate expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Metal Screw Hook Production in Portugal

In value terms, metal screw hook production totaled $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -27.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 43%. Metal screw hook production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Metal Screw Hook Exports

Exports from Portugal

In 2022, overseas shipments of iron or steel screw hooks and screw rings were finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a pronounced slump. The growth pace was the most rapid in 2014 when exports increased by 200%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, metal screw hook exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 57%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for metal screw hook exports from Portugal, with a 76% share of total exports. Moreover, metal screw hook exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), sevenfold. Thailand (X kg) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +43.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-20.4% per year) and Thailand (+837.5% per year).

In value terms, Spain ($X), Angola ($X) and Argentina ($X) constituted the largest markets for metal screw hook exported from Portugal worldwide, together comprising 82% of total exports.

Among the main countries of destination, Argentina, with a CAGR of +54,422.2%, recorded the highest growth rate of 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

In 2022, the average metal screw hook export price amounted to $X per ton, falling by -18.6% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 59%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Argentina ($X per ton), while the average price for exports to Spain ($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 Thailand (+45.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Screw Hook Imports

Imports into Portugal

After three years of decline, supplies from abroad of iron or steel screw hooks and screw rings increased by 16% to X tons in 2022. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 69% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, metal screw hook imports skyrocketed to $X in 2022. Over the period under review, imports recorded a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of metal screw hook imports to Portugal, together accounting for 79% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Italy ($X) appeared to be the largest metal screw hook suppliers to Portugal, with a combined 67% share of total imports.

In terms of the main suppliers, China, with a CAGR of +25.1%, 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 metal screw hook import price stood at $X per ton in 2022, surging by 3.9% against the previous year. In general, the import price, however, recorded a mild slump. The pace of growth was the most pronounced in 2021 an increase of 33%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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