Key Market Indicators
Portugal's import of non-ferrous metals is projected to hit approximately 474,000 metric tons by 2028, compared to around 473,000 metric tons in 2023. This represents a stagnant growth rate of 0% year on year on average. However, since 2000, the demand for non-ferrous metals in Portugal has seen an average annual increase of 2%. In 2023, Portugal ranked 26th in the global import standings, with Serbia slightly ahead at the same import volume of 473,000 metric tons. The leading countries in this ranking were Spain, France, and Norway, occupying the second, third, and fourth positions, respectively. On the export front, Portugal's non-ferrous metal exports are expected to reach nearly 994,000 metric tons by 2028, up from approximately 932,000 metric tons in 2023. This suggests an average annual growth rate of 1%. Since the turn of the century, Portugal's supply of non-ferrous metals has grown by an average of 3.2% per year. In the global export rankings for 2023, Portugal was positioned at number 16, with Finland surpassing it at the same export volume of 932,000 metric tons. The top exporters in this category were Spain, France, and the Netherlands, holding the second, third, and fourth spots, respectively.
