Portugal: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Portugal

The Portuguese metal hot-worked helical spring market expanded notably to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Metal hot-worked helical spring consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in Portugal

In value terms, metal hot-worked helical spring production rose notably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Portugal

In 2023, the amount of iron or steel hot-worked helical springs exported from Portugal rose significantly to X tons, growing by X% compared with the year before. Over the period under review, exports recorded resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, metal hot-worked helical spring exports soared to $X in 2023. Overall, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the near future.

Exports by Country

Spain (X tons), France (X tons) and Romania (X tons) were the main destinations of metal hot-worked helical spring exports from Portugal, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal hot-worked helical spring exported from Portugal were Germany ($X), Spain ($X) and France ($X), with a combined X% share of total exports. Romania, Austria, the Czech Republic, Angola, Poland and Brazil lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded 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 2023, the average metal hot-worked helical spring export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price saw perceptible growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Portugal

In 2023, approx. X tons of iron or steel hot-worked helical springs were imported into Portugal; rising by X% compared with 2022 figures. Overall, total imports indicated prominent growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2023.

In value terms, metal hot-worked helical spring imports expanded significantly to $X in 2023. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Spain (X tons) and Turkey (X tons) were the main suppliers of metal hot-worked helical spring imports to Portugal, with a combined X% share of total imports. Slovakia, Croatia and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Slovakia ($X) appeared to be the largest metal hot-worked helical spring suppliers to Portugal, with a combined X% share of total imports.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 metal hot-worked helical spring import price stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price saw a pronounced slump. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform