Portugal: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Portugal

The Portuguese dry-cleaning machine market shrank significantly to $X in 2021, which is down by -88% against the previous year. Over the period under review, consumption continues to indicate a abrupt setback. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Dry-Cleaning Machine Production in Portugal

In value terms, dry-cleaning machine production expanded notably to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 27%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Dry-Cleaning Machine Exports

Exports from Portugal

In 2021, overseas shipments of dry-cleaning machines decreased by 0% to X units, falling for the second year in a row after five years of decline. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by 175%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, dry-cleaning machine exports soared to $X in 2021. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Pakistan (X units) was the main destination for dry-cleaning machine exports from Portugal, with a 88% share of total exports. Moreover, dry-cleaning machine exports to Pakistan exceeded the volume sent to the second major destination, Spain (X units), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Pakistan amounted to +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Angola (-24.5% per year).

In value terms, Pakistan ($X) emerged as the key foreign market for dry-cleaning machines exports from Portugal, comprising 75% of total exports. The second position in the ranking was held by Angola ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Pakistan totaled +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-26.3% per year) and Spain (0.0% per year).

Export Prices by Country

The average dry-cleaning machine export price stood at $X per unit in 2021, jumping by 23% against the previous year. Overall, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 23%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Spain ($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 Pakistan (+0.4%), while the prices for the other major destinations experienced a decline.

Dry-Cleaning Machine Imports

Imports into Portugal

In 2021, approx. X units of dry-cleaning machines were imported into Portugal; falling by -50% against the previous year. Overall, imports, however, showed pronounced growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,000%. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, dry-cleaning machine imports fell notably to $X in 2021. In general, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 2,292%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X units), Italy (X units) and the Czech Republic (X units) were the main suppliers of dry-cleaning machine imports to Portugal, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +30.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of dry-cleaning machines to Portugal, comprising 91% of total imports. The second position in the ranking was held by France ($X), with a 3.9% share of total imports. It was followed by Spain, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.2% per year) and Spain (-23.4% per year).

Import Prices by Country

In 2021, the average dry-cleaning machine import price amounted to $X per unit, reducing by -66.9% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 158% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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