Portugal: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Portugal

In 2021, the Portuguese machine-tool for removing material market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Portugal

In value terms, machine-tool for removing material production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2019 with an increase of 5,623%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Portugal

In 2021, after two years of decline, there was significant growth in overseas shipments of machine-tools for working any material by removal of material, when their volume increased by 24% to X units. Over the period under review, exports recorded modest growth. The most prominent rate of growth was recorded in 2016 when exports increased by 27%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports soared to $X in 2021. Overall, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of 73% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Djibouti (X units), Spain (X units) and Vietnam (X units) were the main destinations of machine-tool for removing material exports from Portugal, with a combined 56% share of total exports. France, China, Singapore, Angola, Switzerland, Italy, Lithuania, Brazil, the United States and Egypt lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +160.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Brazil ($X) and the United States ($X) were the largest markets for machine-tool for removing material exported from Portugal worldwide, with a combined 55% share of total exports. Switzerland, Vietnam, France, Italy, Singapore, Angola, China, Lithuania, Egypt and Djibouti lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Switzerland, with a CAGR of +271.0%, recorded the highest growth rate of the value of exports, 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 machine-tool for removing material export price amounted to $X per unit, surging by 28% against the previous year. Overall, the export price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of 62%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Djibouti ($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 Egypt (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Portugal

After two years of decline, purchases abroad of machine-tools for working any material by removal of material increased by 43% to X units in 2021. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 47% against the previous year. Imports peaked at X units in 2018; afterwards, it flattened through to 2021.

In value terms, machine-tool for removing material imports surged to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 -10.7% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 33% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Spain (X units) and Germany (X units) were the main suppliers of machine-tool for removing material imports to Portugal, with a combined 76% share of total imports. These countries were followed by Italy, Denmark, the Netherlands and France, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +65.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for removing material suppliers to Portugal were Spain ($X), China ($X) and Germany ($X), with a combined 65% share of total imports.

China, with a CAGR of +52.8%, saw 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 machine-tool for removing material import price amounted to $X per unit, shrinking by -16.7% against the previous year. Overall, the import price recorded a deep reduction. The growth pace was the most rapid in 2019 when the average import price increased by 28%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, 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 Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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