Flexible base metal tubing market in Portugal

Earlier Report Observations

The Portuguese market for flexible base metal tubing began the period at a high of 33 639 t in 2018, supported by the presence of established local manufacturers such as VM Chimneys and Contuflex. These companies invested in technological innovation for corrosion resistance and durability, focusing on compliance with technical standards to serve domestic and European demand. However, market volume contracted to 24 055 t in 2019 and then fell sharply to 12 363 t in 2020, as the COVID-19 pandemic disrupted industrial supply chains and activity across the sector.

Recovery commenced in 2021, with the market reaching 13 893 t, aided by reinforced sustainability and energy efficiency policies in consuming industries and continued technological innovation from Portuguese producers. Growth extended into 2022 (15 438 t) as companies adopted new technologies to enhance tubing resistance to extreme pressures and temperatures, broadening industrial applications. By 2023, market volume had climbed to 18 197 t, valued at 42.4 million US dollars, reflecting this steady post-pandemic rebound and ongoing focus on advanced, regulation-compliant products.

Production flexible base metal tubing in Portugal

In value, 2018-2021, K $ US

Portugal's flexible base metal tubing production rebounded in 2021 after two consecutive years of decline. Output reached 27 301 K $ US, marking a substantial 21.8% increase compared to the previous year. Looking at the broader 2018-2021 period, production decreased by 8.8%, which translates to a compound annual growth rate (CAGR) of -3.0%. The lowest production value was recorded in 2020 at 22 421 K $ US, which also saw the most significant annual decline of 14.6%.

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

In kind, 2018-2021, t

Portugal's flexible base metal tubing production in physical terms increased in 2021 following a two-year downward trend. The country produced 12 935 tonnes, representing a moderate year-over-year growth of 9.1%. However, over the entire 2018-2021 timeframe, production fell sharply by 60.9%, equivalent to an annualized decline rate of 26.9%. The lowest output was recorded in 2020 at 11 860 tonnes, which experienced the largest annual drop of 49.6%.

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

Exports flexible base metal tubing from Portugal

Exports in kind, t

Portugal's exports of flexible base metal tubing declined for the third consecutive year in 2021, reaching 156 tonnes. This represents a sharp 51.0% decrease compared to 2020. Over the 2018-2021 period, exports contracted by 70%, corresponding to an annualized decline rate of 33.1%.

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

From 2018 to 2021, Spain, France, and Angola were the core destinations for Portugal's flexible base metal tubing exports in physical terms. Spain accounted for 51.3% of exports, France for 19.7%, and Angola for 5.6%. Together, these three countries represented 76.6% of Portugal's total export flows in kind.

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

In 2021, Portugal's flexible base metal tubing exports were valued at 2 153 K $ US, showing a moderate decline of 3.6% from the previous year. Over the 2018-2021 period, export value decreased by 32.1%, with a compound annual growth rate (CAGR) of -12.1%. The lowest value was recorded in 2019 at 1 722 K $ US, which saw the largest annual decline of 45.7%. In contrast, 2020 experienced the most significant increase, with exports growing by 29.6%.

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

Between 2018 and 2021, Spain, the United States, and France remained the primary buyers of Portugal's flexible base metal tubing in value terms. Spain accounted for 36.6% of export value, the United States for 14.9%, and France for 12.4%. Collectively, these three markets formed 63.9% of Portugal's total export value.

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

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

Imports flexible base metal tubing to Portugal

Imports in kind, t

Portugal's imports of flexible base metal tubing in physical terms increased in 2021 after two years of decline. The country imported 1 114 tonnes, which is 35.7% higher than the previous year. Over the 2018-2021 period, imports grew by 4.7%, equating to an annualized growth rate of 1.5%. The lowest import volume was recorded in 2020 at 821 tonnes, which also saw the largest annual decline of 14.4%.

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

From 2018 to 2021, Spain, Italy, and Germany were the main suppliers of flexible base metal tubing to Portugal in physical terms. Spain accounted for 45.2% of imports, Italy for 15.4%, and Germany for 9.0%. Together, these three countries supplied 69.6% of Portugal's total imports in kind.

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

Portugal's imports of flexible base metal tubing in value terms rebounded in 2021 following a two-year decrease. Imports amounted to 7 554 K $ US, up by 34.3% compared to the previous year. Over the 2018-2021 period, import value increased by 18.9%, corresponding to an annualized growth rate of 5.9%. The lowest value was recorded in 2020 at 5 625 K $ US, while the largest annual decline occurred in 2019 at 6.4%.

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

Between 2018 and 2021, Spain, Germany, and Italy were the three principal markets supplying flexible base metal tubing to Portugal in value terms. Together, they accounted for 60.7% of Portugal's total import value.

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

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