Portugal: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Portugal

The Portuguese machine-tool for working metal market dropped dramatically to $X in 2021, waning by -50% against the previous year. Overall, consumption recorded a deep downturn. Machine-tool for working metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in Portugal

In value terms, machine-tool for working metal production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 33%. Machine-tool for working metal production peaked in 2021 and is likely to see steady growth in the immediate term.

Exports of Machine Tools For Working Metal

Exports from Portugal

Machine-tool for working metal exports from Portugal soared to X units in 2021, increasing by 83% against 2020. Overall, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2021. In general, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +54.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for machine-tool for working metal exports from Portugal, accounting for a 35% share of total exports. Moreover, machine-tool for working metal exports to Spain exceeded the volume sent to the second major destination, the United States (X units), threefold. Poland (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+34.0% per year) and Poland (+11.6% per year).

In value terms, the largest markets for machine-tool for working metal exported from Portugal were Spain ($X), the United States ($X) and Poland ($X), together accounting for 31% of total exports. These countries were followed by the UK, Mexico, Germany, Egypt, Israel, the Czech Republic, Angola, Austria and Mozambique, which together accounted for a further 37%.

Among the main countries of destination, Mexico, with a CAGR of +41.0%, saw the highest rates of growth with regard to 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

The average machine-tool for working metal export price stood at $X per unit in 2021, reducing by -18.2% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 an increase of 23%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per unit), while the average price for exports to Spain ($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 Ecuador (+26.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tools For Working Metal

Imports into Portugal

Machine-tool for working metal imports into Portugal surged to X units in 2021, growing by 59% against the previous year. In general, imports continue to indicate strong growth. The growth pace was the most rapid in 2015 when imports increased by 87%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, machine-tool for working metal imports rose notably to $X in 2021. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 -7.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 35% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), China (X units) and Turkey (X units) were the main suppliers of machine-tool for working metal imports to Portugal, with a combined 75% share of total imports. Italy, Germany, Austria, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +108.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Germany ($X) were the largest machine-tool for working metal suppliers to Portugal, together comprising 55% of total imports. Italy, Turkey, Taiwan (Chinese), Austria and the Netherlands lagged somewhat behind, together comprising a further 32%.

Among the main suppliers, Austria, with a CAGR of +96.2%, recorded the highest growth rate of the value of imports, 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 working metal import price amounted to $X per unit, which is down by -28.6% against the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 78% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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