Between 2013 and 2023, the market size for Non-Alloy Steel Flat-Rolled Products in Portugal exhibited fluctuations with an overall value standing at 163.25 million euros in 2023. After a notable peak in 2021, where the value reached 178.7 million euros, the market faced declines in subsequent years. The good performance during the 2020-2021 period with an average annual growth rate of 2.68% was diminished by an 8.91% drop in 2022. Despite this, a minor recovery occurred in 2023 with a 0.29% year-on-year growth.
Future trends to watch for include:
- Potential impacts of global economic indicators and trade agreements affecting the steel industry.
- Technological advancements in steel production that could enhance product quality and reduce costs.
- Environmental regulations that may influence production processes and market dynamics.
How does Portugal rank in Non-Alloy Steel Flat-Rolled Products at Least 600 Mm in Width Not Further Worked than Cold-Rolled Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,848,300,000 | 2023 | -1.34% | -0.5% | View data |
| 2 | 2 Poland | 721,950,000 | 2023 | -0.97% | -1.75% | View data |
| 3 | 3 Hungary | 463,890,000 | 2023 | +0.56% | -0.42% | View data |
| 4 | 4 Czech Republic | 460,750,000 | 2023 | +1.58% | +1.94% | View data |
| 5 | 5 Portugal | 163,250,000 | 2023 | +0.29% | +1% | |
| 6 | 6 Denmark | 38,682,000 | 2023 | -1.59% | -1.28% | View data |
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