Fittings for buildings market in Portugal

Earlier Report Observations

The Portuguese market for base metal fittings for buildings, measured in physical volume, experienced substantial growth from 2018 to 2024. Starting at 13 709 t, consumption rose in 2019 before a temporary contraction in 2020. A strong rebound followed in 2021, propelling the market to 18 533 t, and growth continued steadily, reaching 24 495 t by 2024.

In monetary terms, the market's value showed a more volatile path. It declined from 103.0 million $ US in 2018 to 85.5 million $ US in 2020, then recovered to 105.4 million $ US in 2021. Subsequently, the market value softened, ending the period at 99.7 million $ US in 2024.

The consistent expansion in tonnage underscores rising demand for these construction components, while the fluctuating dollar value points to shifting price levels or changing product economics within the market over the same years.

Production fittings for buildings in Portugal

In value, 2018-2021, K $ US

Production of building fittings in Portugal has increased for the second consecutive year. In 2021, output was valued at 84 263 thousand US dollars, marking a significant year-over-year rise of 13.4%. Over the period from 2018 to 2021, production decreased by 2.1%, with a compound annual growth rate of 0.7%. The lowest value was recorded in 2019 at 74 244 thousand US dollars, which also saw the largest decline of 13.7%.

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

In kind, 2018-2021, t

After a two-year decline, production of building fittings in Portugal has rebounded. In 2021, Portugal produced 6 953 tonnes of building fittings, representing a 4.7% increase compared to 2020. Between 2018 and 2021, production decreased by 24.4%, equating to an annualized rate of 8.9%. The lowest volume was recorded in 2020 at 6 638 tonnes, while the largest decline occurred in 2019 with an 18.7% drop.

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

Exports fittings for buildings from Portugal

Exports in kind, t

Exports of building fittings from Portugal have increased for the second consecutive year. In 2021, exports reached 4 422 tonnes, up by 8.3% year-over-year. Over the period from 2018 to 2021, exports grew by 30.6%, with a compound annual growth rate of 9.3%. The lowest volume was recorded in 2019 at 3 037 tonnes, which also saw the largest decline of 10.3%. The largest increase occurred in 2020 with a 34.4% rise.

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

From 2018 to 2021, the three largest markets—Spain, France, and Belgium—consistently dominated exports in kind, collectively accounting for 50.5% of total 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

Exports of building fittings from Portugal have increased for the second consecutive year. In 2021, exports registered 59 590 thousand US dollars, showing a sharp gain of 27.7% compared to the previous year. Over the period from 2018 to 2021, exports increased by 35.9%, with a compound annual growth rate of 10.8%. The lowest value was recorded in 2019 at 39 589 thousand US dollars, which also saw the largest decline of 9.7%.

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

From 2018 to 2021, Spain, France, and Belgium formed the core of exports in value terms, with shares of 24.7%, 16.4%, and 11.0% respectively, together accounting for 52.2% of total 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 fittings for buildings to Portugal

Imports in kind, t

In 2021, imports of building fittings into Portugal amounted to 16 001 tonnes, up by 44.0% compared with 2020. Over the period from 2018 to 2021, imports increased by 102.6%, with a compound annual growth rate of 26.5%. The largest decline was recorded in 2020 at 0.7%.

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

From 2018 to 2021, the three largest markets—Spain, Italy, and China—consistently dominated imports in kind, collectively accounting for 82.1% of total 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, imports of foreign building fittings into Portugal have increased. In 2021, Portugal imported 80 755 thousand US dollars of building fittings, which is 39.6% higher compared to 2020. Over the period from 2018 to 2021, imports increased by 32.7%, with a compound annual growth rate of 9.9%. The lowest value was recorded in 2020 at 57 845 thousand US dollars, while the largest decline occurred in 2019 with a 3.6% drop.

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

Over 2018–2021, Spain, Italy, and China were the main sources of imports in value terms, with shares of 56.4%, 10.4%, and 10.3% respectively, together absorbing 77.2% of total imports of building fittings to Portugal.

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

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