Portugal: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Portugal

In 2022, after two years of growth, there was significant decline in the Portuguese market for machine-tools for working stone, ceramics, and concrete, when its value decreased by -23.9% to $X. Overall, consumption, however, enjoyed a resilient expansion. Over the period under review, the market reached the peak level at $X in 2021, and then contracted rapidly in the following year.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Portugal

In value terms, machine tools for working stone production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 34% against the previous year. Machine tools for working stone production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Portugal

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were exported from Portugal; stabilizing at 2021. Over the period under review, exports, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 125%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, machine tools for working stone exports rose significantly to $X in 2022. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 117%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X units), Spain (X units) and Belgium (X units) were the main destinations of machine tools for working stone exports from Portugal, with a combined 65% share of total exports. The UK, France, Egypt, the United States, Germany and Mozambique lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +46.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine tools for working stone exported from Portugal were Angola ($X), Spain ($X) and Belgium ($X), with a combined 71% share of total exports. France, the United States, the UK, Germany, Egypt and Mozambique lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, France, with a CAGR of +47.8%, 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 export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, picking up by 8.5% against the previous year. Overall, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 46%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Egypt ($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 India (+75.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Portugal

In 2022, overseas purchases of machine-tools for working stone, ceramics, and concrete increased by 2.8% to X units, rising for the second year in a row after two years of decline. In general, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 75% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, machine tools for working stone imports declined significantly to $X in 2022. Overall, imports continue to indicate temperate growth. The growth pace was the most rapid in 2021 when imports increased by 83%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Spain (X units), Italy (X units) and France (X units) were the main suppliers of machine tools for working stone imports to Portugal, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +59.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tools for working stone suppliers to Portugal were Spain ($X), Italy ($X) and France ($X), with a combined 94% share of total imports.

France, with a CAGR of +53.1%, 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 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, reducing by -19.6% against the previous year. In general, the import price saw a perceptible reduction. The growth pace was the most rapid in 2016 when the average import price increased by 19% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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