Portugal: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in Portugal

The Portuguese optical radiation instruments market surged to $X in 2022, increasing by 25% 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 saw a prominent expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Optical Radiation Instruments Exports

Exports from Portugal

In 2022, the amount of instruments using optical radiations exported from Portugal skyrocketed to X units, rising by 47% against 2021. In general, exports posted resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by 299%. Over the period under review, the exports reached the maximum at X units in 2014; afterwards, it flattened through to 2022.

In value terms, optical radiation instruments exports contracted to $X in 2022. Over the period under review, exports, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2019 with an increase of 237% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X units) was the main destination for optical radiation instruments exports from Portugal, with a 40% share of total exports. Moreover, optical radiation instruments exports to Angola exceeded the volume sent to the second major destination, Bulgaria (X units), threefold. The third position in this ranking was held by Cabo Verde (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Angola stood at +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (0.0% per year) and Cabo Verde (+64.2% per year).

In value terms, Angola ($X) emerged as the key foreign market for instruments using optical radiations exports from Portugal, comprising 40% of total exports. The second position in the ranking was held by Mozambique ($X), with an 11% share of total exports. It was followed by Cabo Verde, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola totaled +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+70.6% per year) and Cabo Verde (+88.8% per year).

Export Prices by Country

In 2022, the average optical radiation instruments export price amounted to $X per unit, with a decrease of -38.5% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2021 an increase of 81%. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cabo Verde (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Radiation Instruments Imports

Imports into Portugal

Optical radiation instruments imports into Portugal soared to X units in 2022, jumping by 29% compared with 2021. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by 73% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, optical radiation instruments imports skyrocketed to $X in 2022. Over the period under review, imports saw strong growth. The growth pace was the most rapid in 2017 with an increase of 51% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X units) constituted the largest optical radiation instruments supplier to Portugal, with a 56% share of total imports. Moreover, optical radiation instruments imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. Belgium (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.5% per year) and Belgium (+18.0% per year).

In value terms, Germany ($X) constituted the largest supplier of instruments using optical radiations to Portugal, comprising 54% of total imports. The second position in the ranking was taken by Spain ($X), with a 13% share of total imports. It was followed by Belgium, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-1.1% per year) and Belgium (+8.6% per year).

Import Prices by Country

In 2022, the average optical radiation instruments import price amounted to $X per unit, which is down by -4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 41%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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