Portugal: Gas Supply Meter Market 2025

Gas Supply Meter Market Size in Portugal

The Portuguese gas supply meter market reduced remarkably to $X in 2021, which is down by -18.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.6% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Gas Supply Meter Exports

Exports from Portugal

In 2021, after three years of growth, there was significant decline in overseas shipments of gas supply or production meters, when their volume decreased by -91.7% to X units. Over the period under review, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 1,719%. The exports peaked at X units in 2020, and then dropped rapidly in the following year.

In value terms, gas supply meter exports shrank to $X in 2021. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,047%. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank in the following year.

Exports by Country

Mozambique (X units) was the main destination for gas supply meter exports from Portugal, accounting for a 74% share of total exports. Moreover, gas supply meter exports to Mozambique exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mozambique stood at +56.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+407.0% per year) and Angola (-44.3% per year).

In value terms, the largest markets for gas supply meter exported from Portugal were Mozambique ($X), the United Arab Emirates ($X) and Angola ($X), together accounting for 97% of total exports.

The United Arab Emirates, with a CAGR of +484.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average gas supply meter export price stood at $X per unit in 2021, with an increase of 955% against the previous year. Over the period under review, the export price showed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Angola ($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 the United Arab Emirates (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Gas Supply Meter Imports

Imports into Portugal

In 2021, after two years of growth, there was significant decline in supplies from abroad of gas supply or production meters, when their volume decreased by -26.8% to X units. Over the period under review, imports, however, posted moderate growth. The pace of growth appeared the most rapid in 2015 with an increase of 86%. Over the period under review, imports hit record highs at X units in 2020, and then fell dramatically in the following year.

In value terms, gas supply meter imports contracted remarkably to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 48% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then declined rapidly in the following year.

Imports by Country

In 2021, Italy (X units) was the main gas supply meter supplier to Portugal, accounting for a 90% share of total imports. Moreover, gas supply meter imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Slovakia (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.9% per year) and Slovakia (-36.7% per year).

In value terms, Italy ($X) constituted the largest supplier of gas supply or production meters to Portugal, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by Slovakia, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and Slovakia (-34.5% per year).

Import Prices by Country

In 2021, the average gas supply meter import price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 44%. As a result, import price attained the peak level of $X per unit. From 2015 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, the country with the highest price was Poland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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