Cellular PU plates, sheets, film, foil and strip market in Portugal

Earlier Report Observations

Between 2018 and 2024, the Portuguese market for cellular polyurethane plates, sheets, film, foil and strip showed a general upward trend in physical volume, starting at 60.4 thousand tonnes and reaching 71.8 thousand tonnes by the end of the period. The market experienced a temporary contraction in 2019, followed by steady growth that peaked at 73.6 thousand tonnes in 2022 before a slight moderation.

Market value displayed a different pattern, with a sharp increase to $344.7 million in 2021 that stood out against more stable volume figures. This was followed by a gradual decline in value over the subsequent years, returning to $266.9 million in 2024. The overall period saw domestic production expand from 66.8 thousand tonnes to 78.5 thousand tonnes, supporting the market's volume growth.

Production cellular PU plates, sheets, film, foil and strip in Portugal

In value, 2018-2021, M $ US

Portugal's production of cellular PU plates, sheets, film, foil, and strip has increased for the second consecutive year. In 2021, the output was valued at 358.6 million US dollars, marking a sharp year-on-year improvement of 47.6%. The minimum value was recorded in 2019 at 238.8 million US dollars, with the largest decline of 10.8% occurring that same year. Between 2018 and 2021, production grew by 33.9%, equating to an annualized rate of 10.2%.

Annual dynamics of production in Portugal in value, 2018-2021, M $ US

In kind, 2018-2021, t

Portugal's production of cellular PU plates, sheets, film, foil, and strip has increased for the third consecutive year. In 2021, the country produced 77,071 tonnes, which is 7.3% more than the previous year. Over the period from 2018 to 2021, production rose by 15.4%, with a compound annual growth rate of 4.9%.

Annual dynamics of production in Portugal in kind, 2018-2021, t

Exports cellular PU plates, sheets, film, foil and strip from Portugal

Exports in kind, t

Portugal exported 18,697 tonnes of cellular PU plates, sheets, film, foil, and strip in 2021, up by 20.4% compared to 2020. The minimum value was recorded in 2020 at 15,532 tonnes, with the largest decline of 11.8% occurring that year. Between 2018 and 2021, exports increased by 16.5%, equating to an annualized rate of 5.2%.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, t

From 2018 to 2021, Spain, Saudi Arabia, and South Africa were the key partners for Portugal's exports in kind. Spain accounted for 64.1% of exports, Saudi Arabia for 12.7%, and South Africa for 3.8%. Together, these three countries represented 80.6% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

After a two-year decline, Portugal's exports of cellular PU plates, sheets, film, foil, and strip have increased. In 2021, exports were valued at 64,314 thousand US dollars, representing a sharp increase of 44.3% compared to 2020. The minimum value was recorded in 2020 at 44,584 thousand US dollars, with the largest decline of 7.1% occurring in 2019. Between 2018 and 2021, exports grew by 33.7%, equating to an annualized rate of 10.2%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

From 2018 to 2021, Spain concentrated 73.8% of Portugal's total exports in value terms, while the remaining volume was distributed among many countries with smaller individual shares.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports cellular PU plates, sheets, film, foil and strip to Portugal

Imports in kind, t

After a two-year decline, Portugal's imports of cellular PU plates, sheets, film, foil, and strip have increased. In 2021, imports totalled 7,739 tonnes, which is 16.7% above the 2020 level. The minimum value was recorded in 2020 at 6,633 tonnes, with the largest decline of 30.8% occurring in 2019. Between 2018 and 2021, imports decreased by 19.7%, equating to an annualized rate of 7.1%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, t

In the period from 2018 to 2021, the leading sources for Portugal's imports in kind of cellular PU plates, sheets, film, foil, and strip were Spain, Italy, and Germany. Spain accounted for 62.1% of imports, Italy for 11.6%, and Germany for 6.9%. Together, these three countries made up 80.7% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

After a two-year decline, Portugal's imports of cellular PU plates, sheets, film, foil, and strip have increased. In 2021, the import volume totalled 50,394 thousand US dollars, up by 37.5% compared to the previous year. The minimum value was recorded in 2020 at 36,646 thousand US dollars, with the largest decline of 28.5% occurring in 2019. Between 2018 and 2021, imports decreased by 3.1%, equating to an annualized rate of 1.1%.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

From 2018 to 2021, the leading sources for Portugal's imports in value terms of cellular PU plates, sheets, film, foil, and strip were Spain, Germany, and Italy. Spain accounted for 58.1% of imports, Germany for 12.3%, and Italy for 9.9%. Collectively, these three countries represented 80.3% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021