Portugal: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Portugal

The Portuguese market for plastics pipes and pipe fittings skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Portugal

In value terms, plastics pipe and pipe fitting production skyrocketed to $X in 2022 estimated in export price. Overall, production posted buoyant growth. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the immediate term.

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Exports of Plastics Pipes And Pipe Fittings

Exports from Portugal

After two years of growth, overseas shipments of plastics pipes and pipe fittings decreased by X% to X tons in 2022. Overall, exports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, plastics pipe and pipe fitting exports declined modestly 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted modestly in the following year.

Exports by Country

Spain (X tons) was the main destination for plastics pipe and pipe fitting exports from Portugal, accounting for a X% share of total exports. Moreover, plastics pipe and pipe fitting exports to Spain exceeded the volume sent to the second major destination, France (X tons), fivefold. The third position in this ranking was taken by Cabo Verde (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Cabo Verde (X% per year).

In value terms, Spain ($X) remains the key foreign market for plastics pipes and pipe fittings exports from Portugal, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Angola (X% per year).

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

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

Imports of Plastics Pipes And Pipe Fittings

Imports into Portugal

In 2022, the amount of plastics pipes and pipe fittings imported into Portugal declined modestly to X tons, which is down by X% on the previous year's figure. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank modestly in the following year.

In value terms, plastics pipe and pipe fitting imports fell slightly to $X in 2022. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of plastics pipe and pipe fitting to Portugal, accounting for a X% share of total imports. Moreover, plastics pipe and pipe fitting imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Spain ($X), Germany ($X) and Italy ($X) constituted the largest plastics pipe and pipe fitting suppliers to Portugal, with a combined X% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of 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 import price for plastics pipes and pipe fittings stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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 Greece ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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