Portugal: Safes And Strongboxes Market 2024

Safes And Strongboxes Market Size in Portugal

After two years of growth, the Portuguese safes and strongboxes market decreased by X% to $X in 2022. Overall, consumption continues to indicate a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Safes And Strongboxes Production in Portugal

In value terms, safes and strongboxes production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

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Safes And Strongboxes Exports

Exports from Portugal

For the third year in a row, Portugal recorded growth in shipments abroad of safes, strongboxes and doors of base metal, which increased by X% to X tons in 2022. Overall, total exports indicated a pronounced increase 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, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, safes and strongboxes exports skyrocketed to $X in 2022. In general, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for safes and strongboxes exports from Portugal, accounting for a X% share of total exports. Moreover, safes and strongboxes exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), twofold. Italy (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Italy (X% per year).

In value terms, the largest markets for safes and strongboxes exported from Portugal were Germany ($X), Spain ($X) and Italy ($X), together accounting for X% of total exports.

Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 safes and strongboxes export price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Poland ($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 France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Safes And Strongboxes Imports

Imports into Portugal

In 2022, purchases abroad of safes, strongboxes and doors of base metal decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, safes and strongboxes imports contracted to $X in 2022. Over the period under review, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

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

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

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

Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average safes and strongboxes import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked 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 France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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