Portugal: Measuring Instrument Market 2022

Measuring Instrument Market Size in Portugal

The Portuguese measuring instrument market reached $X in 2021, surging by 3% against the previous year. Overall, consumption, however, showed a resilient expansion. Measuring instrument consumption peaked in 2021 and is expected to retain growth in years to come.

Measuring Instrument Production in Portugal

In value terms, measuring instrument production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,026% against the previous year. Measuring instrument production peaked at $X in 2020, and then reduced in the following year.

Measuring Instrument Exports

Exports from Portugal

In 2021, measuring instrument exports from Portugal soared to X units, jumping by 33% against 2020 figures. Over the period under review, exports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 53%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, measuring instrument exports soared to $X in 2021. In general, exports posted modest growth. The pace of growth was the most pronounced in 2019 with an increase of 54%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units), Angola (X units) and Ireland (X units) were the main destinations of measuring instrument exports from Portugal, with a combined 38% share of total exports. These countries were followed by France, Cabo Verde, China, Italy, the UK, Ecuador, Mozambique, the Netherlands, Morocco and Vietnam, which together accounted for a further 50%.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +216.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Angola ($X) and China ($X) were the largest markets for measuring instrument exported from Portugal worldwide, with a combined 47% share of total exports.

China, with a CAGR of +183.6%, recorded the highest rates of growth with regard to 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 measuring instrument export price amounted to $X per unit, surging by 9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 54%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Vietnam ($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 Mozambique (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Portugal

In 2021, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were imported into Portugal; surging by 5% against 2020 figures. In general, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 31%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, measuring instrument imports soared to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 27% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

France (X units), Spain (X units) and Italy (X units) were the main suppliers of measuring instrument imports to Portugal, together comprising 55% of total imports. These countries were followed by Germany, the Netherlands, Switzerland, India, the UK and Belgium, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of measuring instrument to Portugal, comprising 27% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by Spain, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.1% per year) and Spain (+2.9% per year).

Import Prices by Country

The average measuring instrument import price stood at $X per unit in 2021, increasing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2013 when the average import price increased by 29%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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