Report Update Nov 1, 2024

Portugal - Power Tools - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Power Tool Market 2024

Power Tool Market Size in Portugal

The Portuguese power tool market skyrocketed to $X in 2021, rising by 34% against the previous year. In general, consumption recorded a prominent increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Power Tool Production in Portugal

In value terms, power tool production surged to $X in 2021 estimated in export price. Overall, production posted a prominent increase. The growth pace was the most rapid in 2017 when the production volume increased by 71% against the previous year. Power tool production peaked in 2021 and is expected to retain growth in the near future.

Power Tool Exports

Exports from Portugal

In 2021, shipments abroad of power tools increased by 17% to X units, rising for the third consecutive year after two years of decline. Overall, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 148% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, power tool exports soared to $X in 2021. In general, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 64% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X units) was the main destination for power tool exports from Portugal, accounting for a 87% share of total exports. Moreover, power tool exports to Spain exceeded the volume sent to the second major destination, Angola (X units), tenfold. The third position in this ranking was taken by Germany (X units), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-6.2% per year) and Germany (+32.8% per year).

In value terms, Spain ($X) remains the key foreign market for power tools exports from Portugal, comprising 77% of total exports. The second position in the ranking was taken by Angola ($X), with a 7.3% share of total exports. It was followed by Germany, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-14.0% per year) and Germany (+41.0% per year).

Export Prices by Country

The average power tool export price stood at $X per unit in 2021, approximately equating the previous year. In general, the export price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 130% against the previous year. 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 the UK ($X per unit), while the average price for exports to Cabo Verde ($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 Germany (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Power Tool Imports

Imports into Portugal

In 2021, approx. X units of power tools were imported into Portugal; with an increase of 29% against the previous year. Overall, imports saw a significant increase. The growth pace was the most rapid in 2016 with an increase of 159%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, power tool imports skyrocketed to $X in 2021. Over the period under review, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), Germany (X units) and China (X units) were the main suppliers of power tool imports to Portugal, together comprising 90% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and China ($X) were the largest power tool suppliers to Portugal, together accounting for 82% of total imports.

In terms of the main suppliers, China, with a CAGR of +14.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average power tool import price stood at $X per unit in 2021, increasing by 4.9% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 an increase of 121%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($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 (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for power tools in the world?

The countries with the highest volumes of power tool consumption in 2020 were China, United States and Russia, with a combined 47% share of global consumption. Japan, Germany, France, the UK, Mexico, Canada, Brazil, Thailand, Australia and Italy lagged somewhat behind, together comprising a further 27%.

What are the largest producers of power tools in the world?

China remains the largest power tool producing country worldwide, accounting for 76% of total volume. Moreover, power tool production in China exceeded the figures recorded by the second-largest producer, Mexico, more than tenfold. Russia ranked third in terms of total production with a 3.6% share.

What are the leading suppliers of power tools to Portugal?

In value terms, the largest power tool suppliers to Portugal were Spain, Germany and China, together comprising 86% of total imports.

What are the leading importers of power tools from Portugal?

In value terms, Spain remains the key foreign market for power tool exports from Portugal, comprising 75% of total exports. The second position in the ranking was occupied by Angola, with a 5.6% share of total exports. It was followed by France, with a 3.6% share.

What is the average export price for power tools in Portugal?

In 2020, the average power tool export price amounted to $50 per unit, approximately reflecting the previous year.

What is the average import price for power tools in Portugal?

The average power tool import price stood at $50 per unit in 2020, growing by 39% against the previous year.

This report provides an in-depth analysis of the power tool market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
Prodcom 28241123 - Electromechanical chainsaws
Prodcom 28241125 - Electromechanical circular saws
Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
Prodcom 28241133 -
Prodcom 28241135 -
Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
Prodcom 28241190 -

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023