Portugal: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Portugal

The Portuguese agricultural harvester market contracted to $X in 2022, dropping by X% against the previous year. In general, consumption, however, recorded a mild decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Agricultural Harvester Production in Portugal

In value terms, agricultural harvester production reached $X in 2022 estimated in export price. Overall, production, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Agricultural Harvester Exports

Exports from Portugal

After three years of growth, overseas shipments of agricultural harvesters decreased by X% to X units in 2022. Over the period under review, exports recorded a slight shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, agricultural harvester exports fell remarkably to $X in 2022. Overall, exports showed a noticeable curtailment. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for agricultural harvester exports from Portugal, with a X% share of total exports. Moreover, agricultural harvester exports to Spain exceeded the volume sent to the second major destination, Angola (X units), threefold. The third position in this ranking was taken by Estonia (X units), with a X% share.

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

In value terms, Spain ($X) remains the key foreign market for agricultural harvesters exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2022, the average agricultural harvester export price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per unit), while the average price for exports to Pakistan ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Harvester Imports

Imports into Portugal

In 2022, approx. X units of agricultural harvesters were imported into Portugal; which is down by X% compared with the previous year. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then reduced markedly in the following year.

In value terms, agricultural harvester imports shrank sharply to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

Spain (X units), France (X units) and Italy (X units) were the main suppliers of agricultural harvester imports to Portugal, with a combined X% share of total imports. The Netherlands, China, Germany and Brazil lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), Spain ($X) and Italy ($X) constituted the largest agricultural harvester suppliers to Portugal, together comprising X% of total imports. The Netherlands, Germany, China and Brazil lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average agricultural harvester import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 France ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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