The Aluminium market in Portugal has seen considerable fluctuations over the past decade. By 2023, the market size stood at 292.52 million kilograms. Recent data reveals a slight year-on-year increase of 2.41% for 2023, while the compound annual growth rate (CAGR) over the past five years is relatively modest at 1.58%. This suggests a period of modest recovery following years of varied growth, marked by occasional declines in market volume.
Future trends to watch for in the Aluminium market include:
- Technological advancements in aluminium smelting and recycling.
- Transitioning towards renewable energy which may affect aluminium production costs.
- Potential policy changes with environmental regulations impacting supply chains and market dynamics.
- Growing demand from sectors such as automotive and construction driving incremental volume increases.
How does Portugal rank in Aluminium Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,408,200,000 | 2023 | +0.83% | -0.58% | View data |
| 2 | 2 Italy | 3,489,000,000 | 2023 | +0.62% | -0.32% | View data |
| 3 | 3 France | 2,678,000,000 | 2023 | +3.22% | +3.73% | View data |
| 4 | 4 Poland | 1,733,000,000 | 2023 | +4.27% | +3.38% | View data |
| 5 | 5 United Kingdom | 1,187,100,000 | 2023 | +0.12% | -0.81% | View data |
| 8 | 8 Czech Republic | 561,720,000 | 2023 | +1.76% | +0.43% | View data |
| 9 | 9 Hungary | 364,220,000 | 2023 | -12.8% | -8.36% | View data |
| 10 | 10 Portugal | 292,520,000 | 2023 | +2.41% | +1.58% | |
| 11 | 11 Croatia | 249,070,000 | 2023 | +8.41% | +10.93% | View data |
| 12 | 12 Denmark | 187,570,000 | 2023 | +2.12% | -0.79% | View data |
