Portugal: Hedge Shear Market 2024

Hedge Shear Market Size in Portugal

The Portuguese hedge shear market dropped to $X in 2021, which is down by -4.5% against the previous year. Over the period under review, consumption saw a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 4.2% against the previous year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Hedge Shear Production in Portugal

In value terms, hedge shear production soared to $X in 2021 estimated in export price. In general, production, however, saw a abrupt curtailment. Hedge shear production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Hedge Shear Exports

Exports from Portugal

Hedge shear exports from Portugal skyrocketed to X tons in 2021, growing by 39% on 2020. In general, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 167%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hedge shear exports surged to $X in 2021. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 176%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons), Germany (X tons) and Italy (X tons) were the main destinations of hedge shear exports from Portugal, together comprising 59% of total exports. These countries were followed by Angola, South Africa, Morocco, Brazil, Poland, Mozambique, France and Hungary, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +98.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Italy ($X) were the largest markets for hedge shear exported from Portugal worldwide, together accounting for 65% of total exports. South Africa, Poland, Angola, France, Morocco, Hungary, Brazil and Mozambique lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Morocco, with a CAGR of +173.2%, 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

The average hedge shear export price stood at $X per ton in 2021, increasing by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2019 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hedge Shear Imports

Imports into Portugal

In 2021, purchases abroad of hedge shears and two-handed pruning shears decreased by -14.9% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 57% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, hedge shear imports dropped to $X in 2021. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 46% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then contracted in the following year.

Imports by Country

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of hedge shear imports to Portugal, with a combined 67% share of total imports. These countries were followed by Spain, France and Taiwan (Chinese), which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hedge shear suppliers to Portugal were Spain ($X), the Netherlands ($X) and China ($X), together accounting for 69% of total imports.

China, with a CAGR of +20.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hedge shear import price stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 40% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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