Portugal: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Portugal

In 2021, the Portuguese market for domestic, non-electric, cooking or heating appliances decreased by -15.6% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, showed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2020, and then declined rapidly in the following year.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in Portugal

In value terms, production of domestic, non-electric, cooking or heating appliances rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Over the period under review, production of attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Portugal

After two years of decline, overseas shipments of domestic, non-electric, cooking or heating appliances increased by 48% to X tons in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 53%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of domestic, non-electric, cooking or heating appliances surged to $X in 2021. The total export value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for exports of domestic, non-electric, cooking or heating appliances from Portugal, with a 57% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to Spain exceeded the volume sent to the second major destination, France (X tons), sixfold. The UK (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+27.5% per year) and the UK (+57.1% per year).

In value terms, Spain ($X) remains the key foreign market for domestic, non-electric, cooking or heating appliances exports from Portugal, comprising 55% of total exports. The second position in the ranking was held by France ($X), with an 8.2% share of total exports. It was followed by the UK, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+20.5% per year) and the UK (+39.3% per year).

Export Prices by Country

The average export price for domestic, non-electric, cooking or heating appliances stood at $X per ton in 2021, leveling off at the previous year. In general, the export price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 8.3% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Portugal

Imports of domestic, non-electric, cooking or heating appliances into Portugal rose rapidly to X tons in 2021, with an increase of 8.1% on 2020. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of domestic, non-electric, cooking or heating appliances surged to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +92.1% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Spain (X tons) and China (X tons) were the main suppliers of imports of domestic, non-electric, cooking or heating appliances to Portugal, together accounting for 74% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +33.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Turkey ($X) and China ($X) appeared to be the largest domestic, non-electric, cooking or heating appliance suppliers to Portugal, together accounting for 73% of total imports.

Turkey, with a CAGR of +33.9%, 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 domestic, non-electric, cooking or heating appliances stood at $X per ton in 2021, increasing by 13% against the previous year. Overall, the import price, however, saw a mild slump. The import price peaked at $X per ton 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, the country with the highest price was Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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