Threaded screw hooks and rings market in Portugal

Earlier Report Observations

Between 2018 and 2019, the market volume for threaded screw hooks and rings in Portugal grew moderately to 2 564 t, supported by the harmonization of European EN and ISO standards, which facilitated market access and product standardization. Market leader PECOL invested in innovation and expanded its range to include screws with special coatings for various industries, though increased efficiency and competition contributed to a 15% drop in market value to $4.3 million.

The COVID-19 pandemic in 2020 caused severe supply chain and logistics disruptions, leading to a 19% contraction in market volume to 2 068 t. Portuguese firms strengthened online sales and distribution to maintain market presence during health restrictions, but overall consumption declined, with market value falling slightly to $4.2 million.

From 2021 to 2023, market volume stabilized around 1 900 t. In 2021, growing demand for screws suited to sustainable construction and energy efficiency supported an 8% rise in market value to $4.6 million, despite the ongoing volume decline. Investments in modernizing production facilities and adopting sustainable packaging practices aligned with environmental policies, shifting the product mix toward more specialized offerings. By 2023, volume remained steady at 1 905 t, while value decreased to $3.9 million, reflecting a post-pandemic price normalization.

Production threaded screw hooks and rings in Portugal

In value, 2018-2021, K $ US

After two years of decline, Portugal's production of threaded screw hooks and rings rebounded in 2021. Output reached 2 352 K $ US, marking a 3.0% increase compared to 2020. However, looking at the broader period from 2018 to 2021, production fell by 24%, translating to an annualized decline of 8.7%. The lowest point was in 2020 at 2 283 K $ US, with the sharpest drop occurring in 2019 at 17.0%.

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

In kind, 2018-2021, t

Portugal's production volume of threaded screw hooks and rings has now declined for three consecutive years. In 2021, output stood at 1 564 t, down 1.4% from the previous year. Over the 2018-2021 period, production decreased by 30.9%, which corresponds to an annualized rate of 11.6%.

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

Exports threaded screw hooks and rings from Portugal

Exports in kind, t

Export volumes of threaded screw hooks and rings from Portugal have fallen for the third year in a row. In 2021, exports totaled 16.2 t, a sharp decline of 43.6% compared to 2020. From 2018 to 2021, exports plummeted by 96.1%, with a compound annual growth rate of -66.2%.

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

From 2018 to 2021, Spain was the dominant market for Portugal's exports in kind, accounting for 83.5% of total flows. The remaining volume was distributed among various other destinations.

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

Portugal's exports of threaded screw hooks and rings in value terms have decreased for three consecutive years. In 2021, exports were valued at 88 K $ US, reflecting a significant drop of 17.1% from the previous year. Between 2018 and 2021, exports declined by 81.1%, equating to an annualized rate of 42.6%.

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

During the 2018-2021 period, the largest buyers of threaded screw hooks and rings from Portugal in value terms were Spain (46.1%), Angola (15.7%), and Switzerland (13.0%). Together, these three markets accounted for 74.8% of 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 threaded screw hooks and rings to Portugal

Imports in kind, t

Portugal's imports of threaded screw hooks and rings in kind have declined for the third consecutive year. In 2021, imports amounted to 395.2 t, a substantial decrease of 22.6% compared to 2020. Over the 2018-2021 span, imports fell by 40.9%, with an annualized decline of 16.1%.

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

From 2018 to 2021, the main sources for Portugal's imports in kind were Spain (40.9%), China (20.1%), and Italy (15.8%). These three countries together represented 76.8% 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 threaded screw hooks and rings in value terms have increased for the second year in a row. In 2021, imports rose to 2 306 K $ US, up 12.5% from 2020. However, over the 2018-2021 period, imports decreased by 6.1%, with an annualized decline of 2.1%. The lowest value was recorded in 2019 at 2 015 K $ US, which also saw the largest drop of 18.0%.

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

In the 2018-2021 period, the primary sources for Portugal's imports in value terms were Spain (35.3%), Italy (16.9%), and Germany (13.4%). Collectively, these three countries made up 65.6% of 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