Price for Steel, Alloy; Angles, Shapes and Sections in Portugal - 2023
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Portugal (CIF) - 2023
- Price for Steel, Alloy; Angles, Shapes and Sections in Portugal (FOB) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Portugal
- Exports of Steel, Alloy; Angles, Shapes and Sections in Portugal
Price for Steel, Alloy; Angles, Shapes and Sections in Portugal (CIF) - 2023
The average import price for steel, alloy; angles, shapes and sectionses stood at $3,642 per ton in December 2023, dropping by -50% against the previous month. Over the period under review, the import price, however, saw slight growth. The pace of growth was the most pronounced in October 2023 an increase of 142% against the previous month. The import price peaked at $7,280 per ton in November 2023, and then contracted sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($3,666 per ton), while the price for Italy stood at $1,762 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (+108.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Angles, Shapes and Sections in Portugal (FOB) - 2022
The average export price for steel, alloy; angles, shapes and sectionses stood at $1,547 per ton in 2022, growing by 2.4% against the previous year. In general, the export price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 11%. The export price peaked at $2,525 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($2,036 per ton), while the average price for exports to Congo ($411 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 Guinea (+57.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Angles, Shapes and Sections in Portugal
In 2022, approx. 927 tons of steel, alloy; angles, shapes and sectionses were imported into Portugal; jumping by 525% compared with 2021. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; angles, shapes and sectionses skyrocketed to $3M in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Angles, Shapes and Sections in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 163 | 67.0 | 260 | 2,774 | 157.2% |
| Italy | 14.4 | 156 | 124 | 177 | 130.8% |
| China | 162 | N/A | 0.7 | N/A | -93.4% |
| Netherlands | 46.8 | 26.9 | N/A | N/A | -42.5% |
| Others | 219 | 130 | 46.5 | 69.0 | -32.0% |
| Total | 605 | 379 | 431 | 3,020 | 70.9% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Portugal in 2022:
- Spain (840.0 tons)
- Italy (81.2 tons)
Exports of Steel, Alloy; Angles, Shapes and Sections in Portugal
For the third year in a row, Portugal recorded decline in overseas shipments of steel, alloy; angles, shapes and sectionses, which decreased by -24.1% to 173 tons in 2022. Over the period under review, exports recorded a precipitous setback. The smallest decline of -22.9% was in 2021.
In value terms, exports of steel, alloy; angles, shapes and sectionses contracted dramatically to $244K in 2022. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 5%.
| Export of Steel, Alloy; Angles, Shapes and Sections in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cabo Verde | 265 | 93.4 | 80.7 | 81.5 | -32.5% |
| Angola | 123 | 124 | 55.7 | 52.2 | -24.9% |
| Mozambique | 90.5 | 42.8 | 98.9 | 42.5 | -22.3% |
| Spain | 26.7 | 25.3 | 68.4 | 35.0 | 9.4% |
| Sao Tome and Principe | 11.7 | 4.9 | 6.5 | 11.9 | 0.6% |
| Gambia | N/A | N/A | N/A | 7.7 | 0% |
| Congo | N/A | N/A | 5.6 | 4.2 | -25.0% |
| Algeria | 81.2 | N/A | N/A | N/A | 0% |
| Italy | 190 | N/A | N/A | N/A | 0% |
| Others | 222 | 51.1 | 42.8 | 8.9 | -65.8% |
| Total | 1,010 | 341 | 359 | 244 | -37.7% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from Portugal in 2022:
- Cabo Verde (59.4 tons)
- Angola (31.7 tons)
- Mozambique (31.1 tons)
- Spain (17.2 tons)
- Gambia (13.0 tons)
- Congo (10.2 tons)
- Sao Tome and Principe (7.5 tons)
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