Portugal: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Portugal

After two years of decline, the Portuguese wood drilling machine market increased by 126% to $X in 2021. Overall, consumption saw tangible growth. Wood drilling machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Wood Drilling Machine Production in Portugal

In value terms, wood drilling machine production expanded to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced curtailment. Wood drilling machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wood Drilling Machine Exports

Exports from Portugal

In 2021, overseas shipments of drilling or morticing machines increased by 35% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 317% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wood drilling machine exports surged to $X in 2021. Overall, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 176% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Angola (X units), Mozambique (X units) and Cabo Verde (X units) were the main destinations of wood drilling machine exports from Portugal, with a combined 67% share of total exports. Italy, Spain, France, Morocco and Guinea lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +24.4%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the key foreign market for drilling or morticing machines exports from Portugal, comprising 49% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 15% share of total exports. It was followed by Italy, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola amounted to -18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (-1.3% per year) and Italy (-21.3% per year).

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2021, rising by 6% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by 287%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Morocco ($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 Guinea (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Portugal

In 2021, overseas purchases of drilling or morticing machines were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 2,018% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wood drilling machine imports soared to $X in 2021. Overall, imports continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,442% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest wood drilling machine supplier to Portugal, with a 73% share of total imports. Moreover, wood drilling machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. Turkey (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +38.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.8% per year) and Turkey (+28.2% per year).

In value terms, Italy ($X) constituted the largest supplier of drilling or morticing machines to Portugal, comprising 82% of total imports. The second position in the ranking was taken by Turkey ($X), with an 8.8% share of total imports. It was followed by China, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+93.1% per year) and China (+24.8% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, rising by 68% against the previous year. In general, the import price showed moderate growth. The pace of growth appeared the most rapid in 2016 an increase of 113% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained 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 Spain ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+50.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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