Portugal: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Portugal

In 2021, the Portuguese filling containers machinery market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a perceptible curtailment. Filling containers machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Filling Containers Machinery Production in Portugal

In value terms, filling containers machinery production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in years to come.

Filling Containers Machinery Exports

Exports from Portugal

After three years of growth, shipments abroad of machinery for filling, closing, sealing, capsuling or labelling containers decreased by -16.5% to X units in 2021. Over the period under review, exports saw a noticeable decline. The pace of growth appeared the most rapid in 2019 with an increase of 33%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, filling containers machinery exports expanded remarkably to $X in 2021. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 87% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), the United Arab Emirates (X units) and Spain (X units) were the main destinations of filling containers machinery exports from Portugal, with a combined 63% share of total exports. These countries were followed by France, Germany, Poland, Mozambique, India, Angola, Vietnam, Romania and Sweden, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +437.3%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the United Arab Emirates ($X) and Italy ($X) were the largest markets for filling containers machinery exported from Portugal worldwide, together comprising 60% of total exports. These countries were followed by Angola, Mozambique, India, Germany, France, Poland, Vietnam, Sweden and Romania, which together accounted for a further 29%.

Vietnam, with a CAGR of +188.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2021, with an increase of 32% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 109%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Angola ($X per unit), while the average price for exports to Italy ($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 India (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Portugal

In 2021, filling containers machinery imports into Portugal surged to X units, growing by 48% on the previous year's figure. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 71% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, filling containers machinery imports expanded rapidly to $X in 2021. Over the period under review, imports, however, saw a pronounced downturn. The growth pace was the most rapid in 2017 when imports increased by 36% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X units) constituted the largest filling containers machinery supplier to Portugal, accounting for a 47% share of total imports. Moreover, filling containers machinery imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.6% per year) and the Netherlands (+73.1% per year).

In value terms, Italy ($X), Spain ($X) and the Netherlands ($X) appeared to be the largest filling containers machinery suppliers to Portugal, together comprising 76% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +72.5%, 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 filling containers machinery import price stood at $X per unit in 2021, falling by -28.6% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Spain ($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 (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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