Portugal: Way-Type Unit Head Market 2024

Way-Type Unit Head Market Size in Portugal

The Portuguese way-type unit head market dropped notably to $X in 2021, falling by -18.2% against the previous year. Overall, consumption, however, recorded a remarkable increase. Over the period under review, the market attained the peak level at $X in 2020, and then fell markedly in the following year.

Way-Type Unit Head Production in Portugal

In value terms, way-type unit head production dropped rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a strong increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 256% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Way-Type Unit Head Exports

Exports from Portugal

In 2021, the amount of way-type unit heads for working metal exported from Portugal skyrocketed to X tons, jumping by 50% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of 1,410% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, way-type unit head exports soared to $X in 2021. In general, exports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2014 with an increase of 870%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mozambique (X tons) was the main destination for way-type unit head exports from Portugal, with a 72% share of total exports. Moreover, way-type unit head exports to Mozambique exceeded the volume sent to the second major destination, Cabo Verde (X kg), fourfold. Sweden (X kg) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mozambique totaled -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+60.3% per year) and Sweden (0.0% per year).

In value terms, Mozambique ($X) emerged as the key foreign market for way-type unit heads for working metal exports from Portugal, comprising 85% of total exports. The second position in the ranking was held by Cabo Verde ($X), with a 5.6% share of total exports. It was followed by Angola, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Mozambique totaled -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+50.5% per year) and Angola (-37.1% per year).

Export Prices by Country

The average way-type unit head export price stood at $X per ton in 2021, picking up by 51% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 163% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+82.3%), while the prices for the other major destinations experienced more modest paces of growth.

Way-Type Unit Head Imports

Imports into Portugal

In 2021, the amount of way-type unit heads for working metal imported into Portugal skyrocketed to X tons, growing by 317% on 2020 figures. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 553%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, way-type unit head imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 392% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest way-type unit head supplier to Portugal, accounting for a 61% share of total imports. Moreover, way-type unit head imports from Japan exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (0.0% per year) and Italy (+37.8% per year).

In value terms, Italy ($X), Spain ($X) and Japan ($X) constituted the largest way-type unit head suppliers to Portugal, together accounting for 64% of total imports.

Italy, with a CAGR of +45.5%, saw 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 way-type unit head import price stood at $X per ton in 2021, waning by -53% against the previous year. In general, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :