The aluminium market in Portugal showed varying trends from 2013 to 2023, with a significant increase in market size from 619.01 million euros in 2013 to 1148.7 million euros in 2023. The year-on-year variations illustrate a fluctuating growth path, peaking at 28% in 2015 and experiencing minor declines in other instances. Over the last two years, the market rebounded with a 3.46% increase in 2023 after a slight decline in 2022. The compound annual growth rate (CAGR) over the last five years is 2.12%, indicating moderate growth in recent years.
- Future trends to watch for include continued demand for lightweight materials in various industries, potential impacts of sustainability efforts on aluminium production and consumption, and the influence of geopolitical and economic factors on trade and pricing.
How does Portugal rank in Aluminium Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16,603,000,000 | 2023 | -0.21% | -1.64% | View data |
| 2 | 2 Italy | 8,312,300,000 | 2023 | -0.44% | -0.91% | View data |
| 3 | 3 Poland | 5,426,400,000 | 2023 | +4.21% | +1.58% | View data |
| 4 | 4 Spain | 5,042,100,000 | 2023 | +2.57% | +3.23% | View data |
| 5 | 5 Austria | 3,123,900,000 | 2023 | +3.64% | +4.99% | View data |
| 6 | 6 Czech Republic | 2,202,300,000 | 2023 | +3.27% | +3.01% | View data |
| 7 | 7 Portugal | 1,148,700,000 | 2023 | +3.46% | +2.12% | |
| 8 | 8 Slovakia | 1,116,900,000 | 2023 | +3.5% | +2.53% | View data |
| 9 | 9 Finland | 704,110,000 | 2023 | +3.43% | +2.76% | View data |
