Portugal: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Portugal

The Portuguese market for in-hand motor grinders, sanders and planers surged to $X in 2021, growing by 30% 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). In general, consumption posted a prominent expansion. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Portugal

In 2021, shipments abroad of in-hand motor grinders, sanders and planers increased by 13% to X units, rising for the second year in a row after two years of decline. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 152%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, exports of in-hand motor grinders, sanders and planers rose markedly to $X in 2021. In general, exports saw a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 63%. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Portugal, with a 73% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Spain exceeded the volume sent to the second major destination, Angola (X units), ninefold. The third position in this ranking was held by Germany (X units), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-9.1% per year) and Germany (+28.8% per year).

In value terms, Spain ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Portugal, comprising 72% of total exports. The second position in the ranking was taken by Angola ($X), with an 8.1% share of total exports. It was followed by Germany, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-15.7% per year) and Germany (+37.1% per year).

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, approximately reflecting the previous year. Overall, the export price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2013 an increase of 45% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Portugal

For the sixth year in a row, Portugal recorded growth in purchases abroad of in-hand motor grinders, sanders and planers, which increased by 21% to X units in 2021. Over the period under review, imports showed buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by 55% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. In general, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), Germany (X units) and China (X units) were the main suppliers of imports of in-hand motor grinders, sanders and planers to Portugal, together accounting for 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +23.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and China ($X) were the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Portugal, with a combined 81% share of total imports.

China, with a CAGR of +16.5%, 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

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, growing by 9.1% against the previous year. Over the period under review, the import price, however, saw a noticeable decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 23% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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