Portugal: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Portugal

The Portuguese machine-tool for working wood market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Machine-Tools For Working Wood in Portugal

In value terms, machine-tool for working wood production surged to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt curtailment. Machine-tool for working wood production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports from Portugal

In 2021, overseas shipments of machine-tools for working wood increased by 34% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 62% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, machine-tool for working wood exports rose to $X in 2021. Overall, exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2018 when exports increased by 45% 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

Spain (X tons) was the main destination for machine-tool for working wood exports from Portugal, accounting for a 44% share of total exports. Moreover, machine-tool for working wood exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), twofold. Italy (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-7.9% per year) and Italy (+27.0% per year).

In value terms, Spain ($X) remains the key foreign market for machine-tools for working wood exports from Portugal, comprising 44% of total exports. The second position in the ranking was taken by Italy ($X), with a 16% share of total exports. It was followed by Angola, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+39.4% per year) and Angola (-11.4% per year).

Export Prices by Country

In 2021, the average machine-tool for working wood export price amounted to $X per ton, which is down by -23.7% against the previous year. Over the period under review, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 26%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Portugal

In 2021, overseas purchases of machine-tools for working wood were finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 84%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working wood imports soared to $X in 2021. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 88%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest machine-tool for working wood supplier to Portugal, with a 39% share of total imports. Moreover, machine-tool for working wood imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+10.1% per year) and Italy (+12.7% per year).

In value terms, the largest machine-tool for working wood suppliers to Portugal were Germany ($X), Italy ($X) and Spain ($X), together comprising 77% of total imports. Slovenia, China, France and the Netherlands lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Slovenia, with a CAGR of +34.4%, recorded the highest rates of growth with regard to 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

The average machine-tool for working wood import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 19%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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