Portugal: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Portugal

The Portuguese grinding and sharpening machine market skyrocketed to $X in 2022, growing by 52% 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). Over the period under review, consumption showed prominent growth. Grinding and sharpening machine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Portugal

Grinding and sharpening machine exports from Portugal fell notably to X units in 2022, waning by -66.7% against the year before. Overall, exports showed a noticeable contraction. The pace of growth was the most pronounced in 2015 when exports increased by 394% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports fell sharply to $X in 2022. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 163% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for grinding and sharpening machine exports from Portugal, accounting for a 89% share of total exports. Moreover, grinding and sharpening machine exports to Spain exceeded the volume sent to the second major destination, Angola (X units), more than tenfold. Israel (X units) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+0.7% per year) and Israel (0.0% per year).

In value terms, the largest markets for grinding and sharpening machine exported from Portugal were Angola ($X), Germany ($X) and Spain ($X), together accounting for 83% of total exports. These countries were followed by Israel, which accounted for a further 0.1%.

In terms of the main countries of destination, Israel, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, jumping by 93% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by 235%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Israel ($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 Germany (+18.1%), while the prices for the other major destinations experienced a decline.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Portugal

In 2022, grinding and sharpening machine imports into Portugal stood at X units, picking up by 11% compared with 2021 figures. Overall, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 97% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, grinding and sharpening machine imports soared to $X in 2022. In general, imports enjoyed mild growth. The most prominent rate of growth was recorded in 2017 when imports increased by 185%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of grinding and sharpening machine to Portugal, with a 65% share of total imports. Moreover, grinding and sharpening machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Spain (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.2% per year) and Spain (+31.7% per year).

In value terms, the largest grinding and sharpening machine suppliers to Portugal were Germany ($X), the Czech Republic ($X) and Spain ($X), together accounting for 67% of total imports. France, China, Italy and the Netherlands lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, China, with a CAGR of +22.8%, recorded the highest growth rate of 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

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, surging by 20% against the previous year. Overall, the import price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 78%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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 Czech Republic ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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