Portugal: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Portugal

The Portuguese air conditioning machine market dropped modestly to $X in 2021, declining by -2.1% against the previous year. Overall, consumption saw a significant increase. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Air Conditioning Machine Production in Portugal

In value terms, air conditioning machine production shrank to $X in 2021 estimated in export price. In general, production, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 182%. Air conditioning machine production peaked at $X in 2020, and then fell in the following year.

Air Conditioning Machine Exports

Exports from Portugal

In 2021, approx. X units of air conditioning machines were exported from Portugal; picking up by 29% on the previous year's figure. Overall, exports, however, continue to indicate a drastic downturn. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, air conditioning machine exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units), Spain (X units) and Angola (X units) were the main destinations of air conditioning machine exports from Portugal, together accounting for 73% of total exports. Germany, Cabo Verde, Belgium, Mozambique, Congo, the UK and Luxembourg lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were in Congo (with a CAGR of +95.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Angola ($X) appeared to be the largest markets for air conditioning machine exported from Portugal worldwide, with a combined 75% share of total exports. Germany, Belgium, Cabo Verde, Luxembourg, Mozambique, the UK and Congo lagged somewhat behind, together accounting for a further 19%.

In terms of the main countries of destination, Luxembourg, with a CAGR of +66.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, increasing by 3.6% against the previous year. Over the last nine years, it increased at an average annual rate of +4.8%. The growth pace was the most rapid in 2013 an increase of 37% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per unit), while the average price for exports to Congo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Portugal

In 2021, imports of air conditioning machines into Portugal rose sharply to X units, picking up by 14% compared with the previous year's figure. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 37% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, air conditioning machine imports soared to $X in 2021. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 29%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of air conditioning machine to Portugal, accounting for a 46% share of total imports. Moreover, air conditioning machine imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The Czech Republic (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.0% per year) and the Czech Republic (+6.9% per year).

In value terms, the largest air conditioning machine suppliers to Portugal were Spain ($X), China ($X) and Thailand ($X), with a combined 63% share of total imports. Turkey, the Netherlands, Italy, France, Germany, Japan and the Czech Republic lagged somewhat behind, together comprising a further 29%.

Turkey, with a CAGR of +86.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2021, growing by 8.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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