The tinplate and related steel market in Portugal, expressed in million kilograms, showed a declining trend from 2013 through 2023. In 2023, the market volume stood at 58.914 million kilograms. This market experienced fluctuations, with notable declines in 2015 and 2016, and a consistent decreasing pattern from 2020 onwards. Over the last five years, the compound annual growth rate (CAGR) indicates a slight average reduction of 0.35% per annum, highlighting a gradual downturn.
Future trends to watch for:
- Innovation in packaging and sustainability efforts may influence demand and production processes.
- Economic recovery and changes in consumer preferences could potentially reverse the downtrend.
- Advancements in coating technology and increased demand for corrosion-resistant materials might open new market segments.
