The market size of stainless steel flat-rolled products at least 600 mm in width not further worked than hot-rolled in Portugal reached 19.915 million euros by 2023, which shows a steady growth trend with only occasional declines. Over the last two years, the market rose slightly, with a year-on-year increase rate of 1.64% and 1.58%, respectively. Looking at the average growth over the past five years, the market charted a modest CAGR of 3.42%, underscoring moderate recovery from fluctuations seen in the preceding years.
Potential future trends to watch for include:
- Increased demand driven by industrial growth might support market expansion.
- The growing emphasis on sustainability could impact raw material sourcing and processing technologies.
- Global volatility in steel prices could influence market dynamics in Portugal.
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 166,160,000 | 2023 | +0.7% | +0.57% | View data |
| 2 | 2 United Kingdom | 142,280,000 | 2023 | -1.17% | +0.18% | View data |
| 3 | 3 Czech Republic | 91,562,000 | 2023 | +1.82% | +2.08% | View data |
| 4 | 4 Denmark | 32,052,000 | 2023 | +0.53% | +0.63% | View data |
| 5 | 5 Hungary | 26,026,000 | 2023 | +0.73% | +0.61% | View data |
| 6 | 6 Portugal | 19,915,000 | 2023 | +1.58% | +3.42% | |
| 7 | 7 Lithuania | 10,241,000 | 2023 | +5.88% | +6.88% | View data |
