The Portuguese market for Iron or Non-Alloy Steel Flat-Rolled Products, at least 600 mm in width and electrolytically plated or coated with zinc, witnessed a decline from 2013 to 2023, culminating at 20.12 Million Euros in 2023. Over the past decade, the market exhibited fluctuations, with significant declines noted in 2018 and from 2022 to 2023. Year-on-year declines were evident in the latter years, especially from 2021 onwards. From 2018 to 2023, the compound annual growth rate (CAGR) was -2.17%, indicating a gradual downward trend.
Future trends to watch for include:
- Technological advancements in zinc plating processes that may enhance product appeal.
- Fluctuations in global steel demand affecting local market dynamics.
- Potential influences from environmental regulations on production methods and costs.
- Economic recovery post-COVID-19 and its impact on industrial production and construction activities.