Portugal: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Portugal

The Portuguese tobacco making machinery market contracted modestly to $X in 2022, dropping by -2.1% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Tobacco making machinery consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tobacco Making Machinery Production in Portugal

In value terms, tobacco making machinery production stood at $X in 2022 estimated in export price. Overall, production, however, showed a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of 0.5% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports from Portugal

In 2022, overseas shipments of machinery for the preparation or making up of tobacco increased by 963% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 354,000%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, tobacco making machinery exports skyrocketed to $X in 2022. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 410,194% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for tobacco making machinery exports from Portugal, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled -32.9%.

In value terms, the Czech Republic ($X) emerged as the key foreign market for machinery for the preparation or making up of tobacco exports from Portugal.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic stood at +4.6%.

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, falling by -58.9% against the previous year. In general, the export price showed a mild reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 1,813%. As a result, the export price attained the peak level of $X per unit, and then fell dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +282.1% per year.

Tobacco Making Machinery Imports

Imports into Portugal

In 2022, overseas purchases of machinery for the preparation or making up of tobacco increased by 21% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 185% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, tobacco making machinery imports reduced rapidly to $X in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,043% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X units) was the main supplier of tobacco making machinery to Portugal, with a 96% share of total imports. It was followed by Spain (X units), with a 1.6% share of total imports. The Netherlands (X units) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic totaled +54.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-19.7% per year) and the Netherlands (-26.0% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to Portugal, comprising 92% of total imports. The second position in the ranking was held by Italy ($X), with a 6.2% share of total imports. It was followed by Spain, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic totaled +68.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-16.6% per year) and Spain (-8.6% per year).

Import Prices by Country

The average tobacco making machinery import price stood at $X per unit in 2022, declining by -45% against the previous year. In general, the import price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 709%. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the Netherlands ($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 (+47.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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