Portugal: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Portugal

In 2022, the Portuguese geometrical quantities electronic measurer market increased by 8.4% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption enjoyed modest growth. Geometrical quantities electronic measurer consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Portugal

In value terms, geometrical quantities electronic measurer production dropped to $X in 2022 estimated in export price. In general, production, however, showed slight growth. The growth pace was the most rapid in 2017 with an increase of 97% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Portugal

In 2022, overseas shipments of electronic instruments and machines for measuring geometrical quantities decreased by -20.9% to X units, falling for the third consecutive year after eight years of growth. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 108% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, geometrical quantities electronic measurer exports fell remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 151%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Spain (X units) and France (X units) were the main destinations of geometrical quantities electronic measurer exports from Portugal, together comprising 45% of total exports. The United States, Bulgaria, Slovenia, China, Italy, Angola, Japan, Austria and the UK lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +186.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electronic instruments and machines for measuring geometrical quantities exports from Portugal, comprising 28% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.3% per year) and Spain (+5.7% per year).

Export Prices by Country

In 2022, the average geometrical quantities electronic measurer export price amounted to $X per unit, reducing by -1.5% against the previous year. Over the period under review, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Portugal

In 2022, overseas purchases of electronic instruments and machines for measuring geometrical quantities increased by 2.3% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 72%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, geometrical quantities electronic measurer imports reached $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 71%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Spain (X units), Germany (X units) and Italy (X units) were the main suppliers of geometrical quantities electronic measurer imports to Portugal, with a combined 62% share of total imports. China, France, Israel, the UK and the United States lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +63.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest geometrical quantities electronic measurer suppliers to Portugal were Germany ($X), Spain ($X) and the United States ($X), together comprising 59% of total imports. Israel, Italy, China, France and the UK lagged somewhat behind, together accounting for a further 27%.

Israel, with a CAGR of +76.1%, saw the highest rates of growth with regard to the value of imports, among 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 geometrical quantities electronic measurer import price stood at $X per unit in 2022, surging by 3.8% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2021 when the average import price increased by 48% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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