Portugal: Test And Measurement Market 2024

Test And Measurement Market Size in Portugal

The Portuguese test and measurement market surged to $X in 2021, jumping by 22% 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). Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.9% 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 +16.7% against 2018 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Test And Measurement Exports

Exports from Portugal

In 2021, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses exported from Portugal soared to X units, picking up by 93% against the previous year. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 101% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, test and measurement exports soared to $X in 2021. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units), France (X units) and the Czech Republic (X units) were the main destinations of test and measurement exports from Portugal, together accounting for 69% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +147.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), France ($X) and the Czech Republic ($X) appeared to be the largest markets for test and measurement exported from Portugal worldwide, with a combined 58% share of total exports.

The Czech Republic, with a CAGR of +208.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average test and measurement export price amounted to $X per unit, jumping by 24% against the previous year. In general, the export price, however, saw a pronounced setback. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to China ($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 the Czech Republic (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Portugal

In 2021, imports of instruments and apparatus for measuring or checking pressure of liquids or gasses into Portugal soared to X units, picking up by 60% on the year before. Over the period under review, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, test and measurement imports rose remarkably to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 34%. Over the period under review, imports reached the maximum at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of test and measurement to Portugal, accounting for a 60% share of total imports. Moreover, test and measurement imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. The third position in this ranking was held by Italy (X units), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+13.1% per year) and Italy (+12.6% per year).

In value terms, the largest test and measurement suppliers to Portugal were Spain ($X), Germany ($X) and Italy ($X), with a combined 76% share of total imports. These countries were followed by France, the Netherlands and Poland, which together accounted for a further 7.8%.

The Netherlands, with a CAGR of +17.1%, recorded the highest growth rate of the value of imports, in terms of 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 test and measurement import price amounted to $X per unit, which is down by -30.5% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2014 an increase of 3.1% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

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 France ($X per unit), while the price for Germany ($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 (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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