Portugal: Disc Harrow Market 2024

Disc Harrow Market Size in Portugal

In 2021, the Portuguese disc harrow market decreased by -42.7% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption recorded a abrupt contraction. Disc harrow consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Disc Harrow Production in Portugal

In value terms, disc harrow production rose modestly to $X in 2021 estimated in export price. In general, production saw a mild descent. The growth pace was the most rapid in 2019 with an increase of 26%. Disc harrow production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Disc Harrow Exports

Exports from Portugal

In 2021, the amount of disc harrows exported from Portugal shrank sharply to X units, falling by -41.5% against the previous year. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 15%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, disc harrow exports dropped rapidly to $X in 2021. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 6.7% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units), Mozambique (X units) and France (X units) were the main destinations of disc harrow exports from Portugal, with a combined 60% share of total exports. Angola, New Zealand, Democratic Republic of the Congo, Tunisia, Saudi Arabia and Egypt lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of +39.1%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), Spain ($X) and Mozambique ($X) appeared to be the largest markets for disc harrow exported from Portugal worldwide, with a combined 63% share of total exports. France, New Zealand, Democratic Republic of the Congo, Tunisia, Saudi Arabia and Egypt lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Democratic Republic of the Congo, with a CAGR of +43.0%, 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

The average disc harrow export price stood at $X per unit in 2021, with an increase of 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 Angola (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Disc Harrow Imports

Imports by Country

In 2021, Spain (X units) constituted the largest disc harrow supplier to Portugal, with a 63% share of total imports. Moreover, disc harrow imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Poland (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+61.1% per year) and Poland (-36.5% per year).

In value terms, Spain ($X) constituted the largest supplier of disc harrows to Portugal, comprising 60% of total imports. The second position in the ranking was taken by Italy ($X), with a 20% share of total imports. It was followed by Poland, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+55.1% per year) and Poland (-2.4% per year).

Import Prices by Country

The average disc harrow import price stood at $X per unit in 2021, rising by 32% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, disc harrow import price increased by +83.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 39% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+52.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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