Portugal: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024

Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Portugal

In 2022, the Portuguese market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process increased by X% to $X, rising for the sixth year in a row after two years of decline. Overall, consumption showed buoyant growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Production of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Portugal

In value terms, production of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process surged to $X in 2022 estimated in export price. Overall, production saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Production of peaked in 2022 and is expected to retain growth in years to come.

Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Exports from Portugal

Exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Portugal dropped significantly to X units in 2022, which is down by X% on 2021. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then declined markedly in the following year.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process contracted to $X in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

France (X units), Spain (X units) and Angola (X units) were the main destinations of exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Portugal, with a combined X% share of total exports. Italy, Finland, Mexico, Kenya, the United States, Canada, the UK, Brazil and Mauritius lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machinery for material treatment by heating or cooling process exported from Portugal were Spain ($X), France ($X) and Finland ($X), with a combined X% share of total exports. Angola, Italy, Mexico, the United States, the UK, Brazil, Canada, Kenya and Mauritius lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Mauritius, with a CAGR of X%, recorded 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

In 2022, the average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $X per unit, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Imports into Portugal

In 2022, supplies from abroad of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process decreased by X% to X units, falling for the second consecutive year after four years of growth. In general, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process reduced to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X units), Germany (X units) and Italy (X units) were the main suppliers of imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process to Portugal, with a combined X% share of total imports. China, Denmark, Hong Kong SAR and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process to Portugal, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

The average import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X per unit in 2022, waning by X% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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