In 2023, the market size for Iron or Non-Alloy Steel Wire containing less than 0.25% of Carbon in Portugal stood at 33.405 million kilograms. The market has shown volatility over the past decade, with a significant decrease since 2013. The annual growth rate reflects these fluctuations, with notable declines in 2015, 2019, and 2023. The last two years saw minor recovery attempts, but ultimately a decline reappeared. Over the previous five years, the compound annual growth rate indicates a downward trend, pointing to ongoing challenges in the market.
Future trends to watch:
- Technological advancements in steel wire production methods, potentially reducing costs and improving efficiency.
- Shifts in demand due to construction and infrastructure developments within Portugal and the broader EU market.
- Environmental regulations impacting production practices or cost structures in the industry.
How does Portugal rank in Iron or Non-Alloy Steel Wire Containing Less than 0.25% of Carbon Market Size Volume?
| # | 11 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 426,140,000 | 2023 | -6.87% | -3.91% | View data |
| 2 | 2 Poland | 382,920,000 | 2023 | +2.66% | -0.79% | View data |
| 3 | 3 Belgium | 259,440,000 | 2023 | -0.1% | -0.95% | View data |
| 4 | 4 Czech Republic | 200,960,000 | 2023 | +3.75% | +3.65% | View data |
| 5 | 5 Spain | 173,630,000 | 2023 | +0.48% | +0.044% | View data |
| 7 | 7 Sweden | 64,409,000 | 2023 | -1.2% | -1.85% | View data |
| 8 | 8 Hungary | 43,050,000 | 2023 | +2.81% | +3.03% | View data |
| 9 | 9 Portugal | 33,799,000 | 2023 | -3.26% | -5.29% | |
| 10 | 10 Bulgaria | 30,901,000 | 2023 | +4.72% | +4.33% | View data |
| 11 | 11 Finland | 18,755,000 | 2023 | -0.81% | -1.85% | View data |
