Coated electrodes for arc welding market in Portugal

Earlier Report Observations

The Portuguese coated electrodes market experienced a multi-year contraction from 2019 to 2022, declining from 1 754 t to 1 045 t. This downturn aligned with the metalworking sector's reinforced environmental responsibilities in 2020, which increased compliance burdens for placing products on the market. The subsequent adoption of stringent European technical standards and certifications, such as ISO 3834 for welding quality management in 2021, introduced higher quality requirements that likely constrained short-term consumption.

A sharp market drop to 1 045 t occurred in 2022, driven by the implementation of new rules for private electrical installations under Despacho n.º 13961/2024, which tightened the requirements for installing and maintaining arc welding equipment. Concurrently, a heightened industry focus on welding safety, including stricter controls over harmful fume emissions, imposed additional operational constraints. The market partially recovered in 2023, growing to 1 133 t as it adjusted to the new regulatory environment.

Production coated electrodes for arc welding in Portugal

In value, 2018-2021, K $ US

In 2021, Portugal's production of coated electrodes for arc welding reached 8 441 thousand US dollars, marking a robust 21.7% increase compared to 2020. Over the 2019-2021 period, production grew by 13%, with a compound annual growth rate of 4.2%. The lowest value was recorded in 2020 at 6 936 thousand US dollars, which also saw the largest decline of 7.1%.

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

In kind, 2018-2021, t

In 2021, Portugal produced 2 308 tonnes of coated electrodes for arc welding, showing a 17.5% year-over-year rise. From 2019 to 2021, production increased by 7%, with a compound annual growth rate of 2.3%. The minimum output was in 2020 at 1 964 tonnes, which experienced the largest decline of 9.0%.

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

Exports coated electrodes for arc welding from Portugal

Exports in kind, t

Portugal's export volume of coated electrodes for arc welding grew for the second consecutive year in 2021, reaching 2 576 tonnes—a strong 24.4% increase compared to 2020. However, over the 2018-2021 period, exports decreased by 12.3%, with a compound annual growth rate of -4.3%. The lowest export volume was in 2019 at 2 009 tonnes, which saw the largest decline of 31.6%.

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

From 2018 to 2021, the leading destinations for Portugal's exports of coated electrodes for arc welding in volume terms were Spain (38.9% of exports), France (22.5%), and Italy (5.9%). Together, these three countries accounted for 67.3% 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 two years of contraction, Portugal's export value of coated electrodes for arc welding increased in 2021, totaling 7 829 thousand US dollars—a 27.4% year-over-year rise. Over the 2018-2021 period, exports decreased by 8.7%, with a compound annual growth rate of -3.0%. The minimum value was recorded in 2020 at 6 145 thousand US dollars, while the largest decline occurred in 2019 at 24.3%.

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

Throughout 2018-2021, the key destinations for Portugal's exports of coated electrodes for arc welding in value terms were Spain (30.7% of exports), France (20.3%), and Angola (11.6%). These three countries together represented 62.7% of total export flows.

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

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

Imports coated electrodes for arc welding to Portugal

Imports in kind, t

After two years of growth, Portugal's import volume of coated electrodes for arc welding declined in 2021, standing at 1 607 tonnes—a 7.4% decrease compared to the previous year. Over the 2018-2021 period, imports increased by 6%, with a compound annual growth rate of 2.0%. The highest import volume was in 2020 at 1 736 tonnes, which also saw the largest increase of 8.2%.

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

From 2018 to 2021, Turkey (39.2% of imports), Spain (30.0%), and Italy (10.9%) were the main sources for Portugal's imports of coated electrodes for arc welding in volume terms. Together, these three countries accounted for 80.1% 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 two years of decline, Portugal's import value of coated electrodes for arc welding rose in 2021, reaching approximately 4 249 thousand US dollars—a controlled 3.6% increase compared to the previous year. The minimum value was recorded in 2020 at 4 101 thousand US dollars, which experienced the largest decline of 4.3%.

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

In 2018-2021, Spain (37.2% of imports), Turkey (20.3%), and Italy (16.2%) were the primary sources in the geographical breakdown of Portugal's imports of coated electrodes for arc welding in value terms. These three countries together held a combined share of 73.7% 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