Portugal: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Portugal

The Portuguese machine tool for metal market reached $X in 2021, standing approx. at the previous year. Overall, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Portugal

In value terms, machine tool for metal production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 8.2% against the previous year. Machine tool for metal production peaked at $X in 2020, and then contracted slightly in the following year.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Portugal

In 2021, the amount of machine tools for working metal without removing metal exported from Portugal amounted to X units, increasing by 2.5% against the previous year's figure. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 328%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine tool for metal exports expanded remarkably to $X in 2021. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 33%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Angola (X units) was the main destination for machine tool for metal exports from Portugal, accounting for a 63% share of total exports. Moreover, machine tool for metal exports to Angola exceeded the volume sent to the second major destination, Norway (X units), sixfold. Germany (X units) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola stood at -17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+63.8% per year) and Germany (+51.9% per year).

In value terms, Angola ($X) emerged as the key foreign market for machine tools for working metal without removing metal exports from Portugal, comprising 51% of total exports. The second position in the ranking was taken by Norway ($X), with a 16% share of total exports. It was followed by Germany, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola stood at -16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+37.6% per year) and Germany (+28.1% per year).

Export Prices by Country

In 2021, the average machine tool for metal export price amounted to $X per unit, rising by 8.6% against the previous year. Overall, the export price showed a modest increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 198%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per unit), while the average price for exports to Guinea ($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 Peru (+24.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Portugal

In 2021, supplies from abroad of machine tools for working metal without removing metal was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a modest increase. The growth pace was the most rapid in 2018 when imports increased by 250% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, machine tool for metal imports rose markedly to $X in 2021. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2018 with an increase of 207% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of machine tool for metal to Portugal, accounting for a 58% share of total imports. Moreover, machine tool for metal imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.4% per year) and Germany (+3.7% per year).

In value terms, Germany ($X), Italy ($X) and Spain ($X) were the largest machine tool for metal suppliers to Portugal, together comprising 82% of total imports. The Netherlands and China lagged somewhat behind, together accounting for a further 12%.

China, with a CAGR of +65.2%, saw the highest rates of growth with regard to the value of imports, among 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 metal import price amounted to $X per unit, growing by 7.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.4%. The most prominent rate of growth was recorded in 2013 an increase of 70% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($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 (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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