Portugal: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Portugal

In 2021, the Portuguese endless machinery band market increased by 15% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a noticeable contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Endless Machinery Band Production in Portugal

In value terms, endless machinery band production dropped slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 6.7% against the previous year. Endless machinery band production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Endless Machinery Band Exports

Exports from Portugal

Endless machinery band exports from Portugal skyrocketed to X square meters in 2021, surging by 30% on 2020 figures. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 257%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, endless machinery band exports skyrocketed to $X in 2021. In general, exports saw a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 76% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Spain (X square meters) was the main destination for endless machinery band exports from Portugal, accounting for a 59% share of total exports. Moreover, endless machinery band exports to Spain exceeded the volume sent to the second major destination, Germany (X square meters), twofold. Cabo Verde (X square meters) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +189.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.1% per year) and Cabo Verde (+13.1% per year).

In value terms, Germany ($X) remains the key foreign market for endless machinery band exports from Portugal, comprising 65% of total exports. The second position in the ranking was taken by Spain ($X), with a 29% share of total exports. It was followed by Cabo Verde, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+169.6% per year) and Cabo Verde (+52.6% per year).

Export Prices by Country

In 2021, the average endless machinery band export price amounted to $X per square meter, growing by 32% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 37%. The export price peaked at $X per square meter in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per square meter), while the average price for exports to Angola ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cabo Verde (+34.9%), while the prices for the other major destinations experienced mixed trend patterns.

Endless Machinery Band Imports

Imports into Portugal

In 2021, supplies from abroad of endless bands for machinery, of stainless steel was finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a noticeable slump. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, endless machinery band imports surged to $X in 2021. Overall, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by 114% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X square meters) was the main supplier of endless machinery band to Portugal, with a 90% share of total imports. Moreover, endless machinery band imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X square meters), more than tenfold. Italy (X square meters) ranked third in terms of total imports with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and Italy (-10.0% per year).

In value terms, the largest endless machinery band suppliers to Portugal were Spain ($X), Germany ($X) and Italy ($X), together accounting for 69% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +4.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2021, dropping by -55.9% against the previous year. Over the period under review, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2015 an increase of 70% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2016; however, from 2017 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 ($X per square meter), while the price for Spain ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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