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Industry revenue of “aluminium production“ in Portugal 2011-2023

Revenues of the Portuguese aluminum industry declined from 391 million U.S. dollars in 2011 to 306 million U.S. dollars in 2014, owing to the aftereffects of the 2008 Eurozone crisis. However, ever since, the industry has been on the path to recovery, with revenues rising from 410 million U.S. dollars in 2015 to 436 million U.S. dollars in 2019. Amongst key reasons include the growth of the construction and automobile industry over the years. The consumption of refined primary aluminum in the country has grown from 70.5 thousand metric tonnes in 2009 to 110 thousand metric tonnes in 2018.

Initial projections for the medium term demonstrated a six percent revenue growth for the industry. However, it looks rather far-fetched at this point in time, as the outbreak of the corona virus has stalled majority of the industry operations. Most of the factories have been shut for an indefinite period or are operating with a minimal workforce.

Industry revenue of “aluminium production“ in Portugal from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Portugal. The industry “aluminium production“ has the code “C2442“.

Details on the methodology can be found here.

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