Portugal: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Portugal

For the third consecutive year, the Portuguese non-electric motor handtools market recorded growth in sales value, which increased by 4% to $X in 2022. Overall, consumption saw a prominent expansion. Non-electric motor handtools consumption peaked in 2022 and is likely to continue growth in the immediate term.

Non-Electric Motor Handtools Production in Portugal

In value terms, non-electric motor handtools production expanded to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 266% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Non-Electric Motor Handtools Exports

Exports from Portugal

In 2022, shipments abroad of handtools, hydraulic or with a self-contained non-electric motor decreased by -36.8% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 59% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electric motor handtools exports fell rapidly to $X in 2022. In general, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 54%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Angola (X units), Spain (X units) and Brazil (X units) were the main destinations of non-electric motor handtools exports from Portugal, with a combined 83% share of total exports. Cabo Verde, France, Morocco and Mozambique lagged somewhat behind, together accounting for a further 6.7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +17.9%), while the other leaders experienced mixed trend patterns.

In value terms, Angola ($X), Spain ($X) and Brazil ($X) appeared to be the largest markets for non-electric motor handtools exported from Portugal worldwide, with a combined 84% share of total exports. Cabo Verde, France, Morocco and Mozambique lagged somewhat behind, together accounting for a further 6.7%.

In terms of the main countries of destination, France, with a CAGR of +20.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-electric motor handtools export price amounted to $X per unit, increasing by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 an increase of 33% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Morocco ($X per unit) and Mozambique ($X per unit), while the average price for exports to Cabo Verde ($X per unit) and Brazil ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Portugal

For the third year in a row, Portugal recorded growth in overseas purchases of handtools, hydraulic or with a self-contained non-electric motor, which increased by 3.9% to X units in 2022. In general, imports recorded strong growth. The growth pace was the most rapid in 2020 when imports increased by 66% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, non-electric motor handtools imports dropped to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Spain (X units) constituted the largest non-electric motor handtools supplier to Portugal, accounting for a 41% share of total imports. Moreover, non-electric motor handtools imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.7% per year) and the Netherlands (+17.8% per year).

In value terms, Spain ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Portugal, comprising 41% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.2% per year) and the Netherlands (+12.3% per year).

Import Prices by Country

In 2022, the average non-electric motor handtools import price amounted to $X per unit, which is down by -4% against the previous year. Overall, the import price recorded a perceptible setback. The pace of growth was the most pronounced in 2019 an increase of 19%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per unit) and China ($X per unit), while the price for France ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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