Metal pickling and welding preparations market in Portugal

Earlier Report Observations

The market for metal pickling and welding preparations in Portugal showed considerable volume fluctuations between 2018 and 2023. After starting at 2 648 t in 2018, consumption dropped to 2 167 t in 2019, then recovered to 2 914 t in 2020. A slight dip to 2 643 t occurred in 2022, followed by a sharp surge to 3 898 t in 2023.

In value terms, the market followed a similar volatile path. The market value fell from 9.3 million USD in 2018 to 7.7 million USD in 2019, rebounded to 9.3 million USD in 2020, and saw moderate growth to 9.5 million USD in 2022. The period culminated in a significant increase to 13.1 million USD in 2023.

Production metal pickling and welding preparations in Portugal

In value, 2018-2021, K $ US

Portugal's production of metal pickling and welding preparations declined for the second year in a row. In 2020, output was valued at 706 thousand US dollars, representing a 23.6% decrease compared to the previous year. From 2018 to 2020, production fell by 35.1%, which translates to an average annual decline of 13.4%.

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

In kind, 2018-2021, t

Portugal's production of metal pickling and welding preparations decreased for the second consecutive year. In 2020, the country produced 76.4 tonnes, down 23.7% year-over-year. Between 2018 and 2020, production dropped by 31.5%, with a compound annual growth rate of -11.8%.

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

Exports metal pickling and welding preparations from Portugal

Exports in kind, t

Export volumes showed significant fluctuations during this period. They reached their lowest point in 2020 at 104 tonnes and peaked in 2018, with a 3.7-fold difference between these years. In 2021, exports from Portugal surged to 184 tonnes, marking a sharp 76.0% increase compared to the previous year. The largest decline occurred in 2019, when volumes fell by 69.4%.

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

From 2018 to 2021, Spain, Poland, and Angola were the top destinations for Portugal's exports of metal pickling and welding preparations in volume terms. Spain accounted for 50.0% of exports, Poland for 19.7%, and Angola for 9.5%. Together, these three countries represented 79.3% 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 decline, Portugal's exports of metal pickling and welding preparations rebounded in 2021. Export value totaled 615 thousand US dollars, reflecting a significant 59.6% increase over the previous year. From 2018 to 2021, exports decreased by 30.7%, with a compound annual growth rate of -11.5%. The lowest value was recorded in 2020 at 385 thousand US dollars, and the largest drop occurred in 2019, with a 56.0% decline.

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

Between 2018 and 2021, Spain, Poland, and Angola led Portugal's export structure in value terms. Spain accounted for 39.3% of exports, Poland for 15.9%, and Angola for 14.5%. Collectively, these three countries made up 69.8% 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 metal pickling and welding preparations to Portugal

Imports in kind, t

In 2021, Portugal imported 2 717 tonnes of metal pickling and welding preparations, a modest 7.6% decrease from the previous year. From 2018 to 2021, imports declined by 6.8%, with a compound annual growth rate of -2.3%. The lowest volume was recorded in 2019 at 2 183 tonnes, while the highest was in 2020 at 2 942 tonnes. The largest decrease occurred in 2019, with a 25.1% drop, and the largest increase was in 2020, with a 34.7% rise.

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

From 2018 to 2021, Spain, Germany, and France were the leading sources of Portugal's imports in volume terms. Spain accounted for 47.1% of imports, Germany for 29.6%, and France for 11.3%. Together, these three countries represented 88.0% 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

Portugal's imports of metal pickling and welding preparations increased for the second consecutive year. In 2021, imports were valued at approximately 9 708 thousand US dollars, showing a controlled 8.3% rise over the previous year. From 2018 to 2021, imports grew by 6.9%, with a compound annual growth rate of 2.3%. The lowest value was recorded in 2019 at 7 172 thousand US dollars, with the largest decline that year at 21.0%. The largest increase occurred in 2020, with a 24.9% gain.

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

Between 2018 and 2021, Germany, Italy, and Spain were the top sources for Portugal's imports in value terms. Germany accounted for 27.2% of imports, Italy for 25.5%, and Spain for 24.6%. Together, these three countries represented 77.3% 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