Portugal: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Portugal

In 2020, the Portuguese market for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, the total consumption indicated a measured increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2020 and is likely to see steady growth in the immediate term.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Portugal

In value terms, iron, steel or aluminium reservoir production expanded significantly to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

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Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Portugal

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported from Portugal declined dramatically to X units, which is down by X% against the previous year. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2020, the exports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports contracted to $X in 2020. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

Exports by Country

France (X units), the UK (X units) and Spain (X units) were the main destinations of iron, steel or aluminium reservoir exports from Portugal, with a combined X% share of total exports. Belgium, the United States, Burkina Faso, Senegal, Mozambique, Morocco, Greece, Angola and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Spain ($X) appeared to be the largest markets for iron, steel or aluminium reservoir exported from Portugal worldwide, together accounting for X% of total exports. Belgium, the United States, Morocco, Angola, Burkina Faso, Senegal, Greece, Italy and Mozambique lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Senegal, with a CAGR of X%, saw 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 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, 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 Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Portugal

In 2020, approx. X units of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Portugal; with a decrease of X% compared with 2019. Over the period under review, total imports indicated moderate growth from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports reduced to $X in 2020. Overall, total imports indicated a temperate expansion from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2020, the growth of imports failed to regain momentum.

Imports by Country

In 2020, Spain (X units) constituted the largest supplier of iron, steel or aluminium reservoir to Portugal, with a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The Czech Republic (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Czech Republic (X% per year).

In value terms, Spain ($X) constituted the largest supplier of iron, steel or aluminium reservoirs, tanks, vats and similar containers to Portugal, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2020, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Austria (X% per year).

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, remaining stable against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2019, and then reduced modestly in the following year.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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