Portugal: Magnetic Card Market 2025

Magnetic Card Market Size in Portugal

The Portuguese magnetic card market shrank remarkably to $X in 2021, reducing by -16.8% against the previous year. In general, consumption faced a deep reduction. The pace of growth appeared the most rapid in 2019 when the market value increased by 1.1%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Magnetic Card Production in Portugal

In value terms, magnetic card production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by 28%. Magnetic card production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Magnetic Card Exports

Exports from Portugal

In 2021, approx. X units of cards incorporating a magnetic stripe were exported from Portugal; increasing by 346% on the previous year. Over the period under review, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnetic card exports surged to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 287% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Angola (X units) was the main destination for magnetic card exports from Portugal, accounting for a 87% share of total exports. Moreover, magnetic card exports to Angola exceeded the volume sent to the second major destination, Mozambique (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Angola totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+2.0% per year) and Cabo Verde (-18.3% per year).

In value terms, Angola ($X) remains the key foreign market for cards incorporating a magnetic stripe exports from Portugal, comprising 93% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola totaled +40.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+11.9% per year) and Cabo Verde (-17.6% per year).

Export Prices by Country

The average magnetic card export price stood at $X per unit in 2021, declining by -40.3% against the previous year. Over the period under review, the export price, however, showed a prominent increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 254%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Mozambique ($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 Angola (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Card Imports

Imports into Portugal

In 2021, overseas purchases of cards incorporating a magnetic stripe decreased by -6.6% to X units, falling for the third year in a row after two years of growth. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 66%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, magnetic card imports surged to $X in 2021. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 117%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of magnetic card to Portugal, accounting for a 48% share of total imports. Moreover, magnetic card imports from Spain exceeded the figures recorded by the second-largest supplier, France (X units), threefold. Italy (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.3% per year) and Italy (+11.4% per year).

In value terms, the largest magnetic card suppliers to Portugal were Spain ($X), China ($X) and Italy ($X), together comprising 82% of total imports.

China, with a CAGR of +13.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average magnetic card import price stood at $X per unit in 2021, rising by 60% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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