Portugal: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Portugal

The Portuguese washing and drying machine market amounted to $X in 2021, surging by 12% 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, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +79.4% against 2015 indices. Washing and drying machine consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Household Washing and Drying Machines

Exports from Portugal

In 2021, the amount of household washing and drying machines exported from Portugal rose markedly to X tons, growing by 5.6% compared with the previous year's figure. Over the period under review, total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 44% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, washing and drying machine exports totaled $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 39% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for washing and drying machine exports from Portugal, with a 80% share of total exports. Moreover, washing and drying machine exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-7.3% per year) and Cabo Verde (+2.3% per year).

In value terms, Spain ($X) remains the key foreign market for household washing and drying machines exports from Portugal, comprising 69% of total exports. The second position in the ranking was taken by Angola ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-9.6% per year) and Cabo Verde (+3.4% per year).

Export Prices by Country

In 2021, the average washing and drying machine export price amounted to $X per ton, surging by 3% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 an increase of 14%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain ($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 Cabo Verde (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Household Washing and Drying Machines

Imports into Portugal

In 2021, washing and drying machine imports into Portugal was estimated at X tons, increasing by 7.7% compared with the previous year's figure. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.8% against 2012 indices. The growth pace was the most rapid in 2018 with an increase of 24% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, washing and drying machine imports totaled $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.5% against 2015 indices. The pace of growth was the most pronounced in 2018 when imports increased by 33% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Spain (X tons) and Turkey (X tons) were the main suppliers of washing and drying machine imports to Portugal, with a combined 74% share of total imports. These countries were followed by Poland, Italy and Slovakia, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +37.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest washing and drying machine suppliers to Portugal were China ($X), Spain ($X) and Turkey ($X), together accounting for 76% of total imports. These countries were followed by Poland, Italy and Slovakia, which together accounted for a further 21%.

Slovakia, with a CAGR of +37.5%, recorded 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

In 2021, the average washing and drying machine import price amounted to $X per ton, picking up by 4.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 7.3% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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