Portugal: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Portugal

The Portuguese market for electro-thermic appliances or domestic purposes was finally on the rise to reach $X in 2021, after three years of decline. Overall, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Electro-thermic appliances or domestic purposes consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Electro-Thermic Appliances Or Domestic Purposes in Portugal

In value terms, electro-thermic appliances or domestic purposes production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 35%. Electro-thermic appliances or domestic purposes production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Portugal

In 2021, exports of electro-thermic appliances or domestic purposes from Portugal reduced dramatically to X units, with a decrease of -15.1% against the previous year's figure. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2018 with an increase of 27% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electro-thermic appliances or domestic purposes exports totaled $X in 2021. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 32%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Portugal, with a 43% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to France exceeded the volume sent to the second major destination, Spain (X units), threefold. Germany (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-21.6% per year) and Germany (-3.5% per year).

In value terms, France ($X) remains the key foreign market for electro-thermic appliances or domestic purposes exports from Portugal, comprising 39% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by Spain, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.4% per year) and Spain (-11.5% per year).

Export Prices by Country

The average export price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, with an increase of 28% against the previous year. In general, the export price showed a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 70%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per unit), while the average price for exports to Belgium ($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 the Netherlands (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Portugal

For the third year in a row, Portugal recorded growth in supplies from abroad of electro-thermic appliances or domestic purposes, which increased by 66% to X units in 2021. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 84%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, electro-thermic appliances or domestic purposes imports surged to $X in 2021. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 59% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X units), Spain (X units) and Germany (X units) were the main suppliers of electro-thermic appliances or domestic purposes imports to Portugal, together accounting for 73% of total imports. These countries were followed by France, the Netherlands and Italy, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +36.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and China ($X) constituted the largest electro-thermic appliances or domestic purposes suppliers to Portugal, together accounting for 75% of total imports.

France, with a CAGR of +48.9%, saw 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 more modest paces of growth.

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, waning by -6.7% against the previous year. In general, the import price continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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